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ECONOMY

Trade deficit remains in February

Thailand has posted trade deficit in two consecutive months, with the deficit of US$688.9 million in February, according to the Commerce Ministry.



Thailand's trade balance first dipped into red ink for the first time in 17 months January 2008, when imports soared 49 per cent year on year against export growth of 33.2 per cent. January's trade deficit was at US$653.3 million.

The ministry revealed on Thursday that in February, export value reached $12.99 billion, a 16.4 per cent increase from the same period last year.

Import value in the month totalled $13.68 billion, up 33.1 per cent on year.

- The Nation



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