By THE NATION
However, if gold shipments are not included, export of jewellery and ornaments have actually dropped 34.8 per cent to $1.984 billion. Shipment of gold, however, has risen 386.1 per cent to $7.595 billion.
He attributed the drop in exports to the Covid-19 pandemic, which has forced several countries to enforce lockdown measures. As a result, consumers have been cautious about spending.
The demand of gold, however, has risen as people are rushing to buy this asset as a safe haven at a time when the economy is sapped. He added that if there is no second wave of Covid-19 infections and countries continue to ease lockdown measures, Thailand's jewellery and ornament exports should pick up in the second half of this year.