Export situation improves from first two months: Commerce
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Thailand's export condition in March showed an improvement from the first two months of this year, said Chutima Bunyapraphasara, the permanent secretary for Commerce.
She said that the contraction pace slowed and market shares in key markets were maintained. In the month, some agricultural products also enjoyed an increase in export volume, while the contraction rate of manufactured goods also dropped.
The Commerce Ministry today revised down the export target from 4 per cent to 1.2 per cent, due to global economic slowdown.
Thailand's export value dropped 4.45 per cent in March to US$18.9 billion, marking the third month of contraction in a row. Imports also declined by 5.89 per cent on year to $17.4 billion, leaving Thailand with a trade surplus of $1.5 billion.
In the first quarter, exporters declined by 4.69 per cent from the same period last year while imports also dropped by 6.43 per cent.
