Thailand's exports improve but still a long way to receovery
- Asian Market
- 6 months ago
Thailand’s export numbers have fallen by 2.15% year on year and imports have also shrunk, hence bringing the country’s trade surplus into deeper waters.
Thailand is one of South East Asia’s main export hubs, notably electronics and car manufacturing, the fall in exports was lower than the 5% figure expected by analysts and an improvement from the 5.79% fall of the previous month of May.
The country’s current trade surplus now stands at $3.21 billion as it grapples with a slowdown in the manufacturing sector as several supply chains within the region have suffered from the ongoing trade disputes.
Source: Smart Trend Team