Export slide continues in August
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The slide in Thailand's exports continued in August, when the shipment value fell by 6.69 per cent from the same period last year.
According to the Commerce Ministry's data, export value in the month reached US$17.7 billion. From January to August, the cumulative export value contracted by 4.92 per cent to $142.7 billion.
Imports also declined in August, down by 4.77 per cent to $16.95 billion on year. In the first eight months, imports plunged by 8.18 per cent to $137.78 billion.
Despite the weakening of the Thai baht against US dollar, export and import value in terms of Thai baht also dropped in August by 0.65 per cent and 2.71 per cent, respectively. The eight-month contraction was 2.90 per cent and 6.19 per cent, respectively.
