Thai exports decline 2.6% in April due to trade war

Economy May 22, 2019 15:09

By Phuwit Limviphuwat
The Nation

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Thai exports in April declined by 2.6 per cent to a value of US$18.6 billion (Bt595 billion), the lowest in 24 months, as a result of the impacts of the US-China trade war.



In the first four months of this year, exports to China fell by 8.1 per cent year on year, according to the Trade Policy and Strategy Office (TPSO) under the Commerce Ministry.

The drastic fall in shipments has caused a trade deficit of $1.457 billion. In the first four months of this year, Thai exports declined by 1.9 per cent.