April 28, 2014 00:00
By Petchanet Pratruangkrai
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.
Fuel imports in the month dropped by 9.7 per cent on year, while the imports of capital goods and raw materials also plunged by 14.8 per cent and 19.3 per cent. Gold import last month also dropped 68.1 per cent year on year to $468 million.
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.