BANGKOK—Thailand's commerce minister Thursday urged the central bank to do more to stabilize the baht, blaming the currency's strength for a sharp slowdown in export growth, which pushed the country to a trade deficit in July.
Southeast Asia's second-largest economy ran a trade deficit of $939 million in July, after imports surged 36.1% to a 23-month high of $16.5 billion, while exports rose 20.6% on year to $15.56 billion, Commerce Minister Porntiva Nakasai told reporters Thursday. Thailand last recorded a trade deficit in April of $266.1 million.
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