Thai export declined in July

Import grew 1.08 percent to $21.34 billion (Bt662.43 billion), resulting in trade deficit of $281 milion last month. Vatchari Vimooktayon, permanent-secretary to the ministry, said export down was due to world' s economic recession, slowing down growth of many markets mainly India, China, and Japan, as well as, the political turmoil in the Middle East affect Thai major export goods.Total shipment in the firs seven months rose only 0.60 percent year on year to $132.36 billion (Bt3.92 trillion), import grew 3.85 percent to $ 150.42 billion (Bt4.51 trillion). Thailand locked into trade deficit of $18.05 billion (Bt593.07 billion) in the first seven months of the year.