February exports down 11.3%

By The Nation

Thailand's exports in February declined 11.3 per cent from the same period last year, marking the four consecutive months of export contraction, according to the Commerce Ministry.

Still, due to a sharper decrease in imports, the current account in the first two months of this year remains in the positive territory with the surplus of US$4.95 billion or Bt121 billion. The export contraction of 26.5 per cent in January was the most severe in four months.

Rachane Pojanasuntorn, director-general of the Export Promotion Department, attributed the smaller decrease in exports in February to the growth of food items, jewellery, and gold.

February exports down 11.3%

Thailand's exports in February declined 11.3 per cent from the same period last year, marking the four consecutive months of export contraction, according to the Commerce Ministry.

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