Exports down 5.01% in May
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Thailand's exports further slid by 5.01 per cent in May to US$18.4 billion, compared to the same period last year, according to the Commerce Ministry.
In the first five months of this year, export bills dropped by 4.20 per cent on year to $88.69 billion.
Imports fell at a bigger pace, indicating low investment and consumption at home. In May, imports nosedived by 19.97 per cent to $16 billion. During January and May, imports declined by 9.39 per cent to $85.37 billion. Thailand locked in trade surplus of $3.3 billion in the first five months.
