Thai July Exports Fall 11.37% Year-on-year, Smaller Drop than Forecast​

A worker stands next to shipping containers on a ship at a port in Bangkok, Thailand, March 25, 2016. REUTERS/Athit Perawongmetha

BANGKOK (Reuters) - Thailand's exports in July dropped by a smaller-than-expected 11.37% from a year earlier, led by lower shipments of cars and plastic pellets, the commerce ministry said on Monday.

The fall compared with a Reuters poll forecast for a decline of 17.8% in exports, and against June's 23.17% slide.

In January-July, exports, a key driver of Thai growth, contracted 7.72% from a year earlier, while imports fell 14.69%.