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Thai Sept exports drop 4.2% y/y, current acc surplus narrows

BANGKOK, Oct 30 (Reuters) - Thailand recorded a current account surplus of $1.31 billion in September after a revised surplus of $3.12 billion the previous month, the central bank said on Friday.

Exports, a key driver of growth, fell 4.2% in September from a year earlier after August’s 8.2% drop.

September’s imports declined 8.1% from a year earlier, resulting in a trade surplus of $3.21 billion in the month.

Southeast Asia’s second-largest economy in third quarter had improved from the previous period following easing coronavirus restrictions, the Bank of Thailand (BOT) said in a statement.

The BOT has forecast the economy will contract a record 7.8% this year due to the coronavirus pandemic impact.

Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Martin Petty