Exports tilt downward in March
Thailand's export value dropped 3.12 per cent in March to US$19.94 billion, pushing the country's first-quarter export value to contract 1 per cent on year.
While the manufactured goods export expanded by 1.9 per cent in March, the exports of agricultural and agro-industrial products fell by 8.2 per cent.
In the first three months of this year, export value totalled US$56.21 billion, according to the Commerce Ministry data.
Thailand's import in March also dropped 114.19 per cent year on year to $18.48 billion, indicating contraction in business activities.
The first-quarter import registered a drop by 15.41 per cent to $55.5 billion.
Thailand locked in trade surplus of $1.45 billion in March and $706 million in the first quarter of the year.