Exports plunge 8.91% in January
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Thailand's merchandise good shipments in January plunged by 8.91 per cent from the same period last year, according to the Commerce Ministry.
The contraction continued for 13 months in a row.
The monthly export value fell to US$15.71 billion, while imports dropped by 12.37 per cent on year to $15.47 billion. In the month, Thailand posted $238 million in trade surplus.
The ministry anticipates 5 per cent export growth rate in 2016. However, economists are less bullish, expecting only 1-2 per cent growth rate this year, due to fragile global economic recovery and lower-than-expected growth in China.
