Thai Exports Value Falls the Most in 4 Years, Posting a Contraction of 22.5% in May
Thai Exports Value Falls the Most in 4 Years, Posting a Contraction of 22.5% in May 
Thai Exports Value Falls the Most in 4 Years, Posting a Contraction of 22.5% in May
24 มิ.ย. 2563

Thai exports in May shrank 22.5% year-on-year, compared to a 2.12% gain a month earlier, which disappointed market expectation of a 5.75% contract, due to a further contraction in manufacturing products. 
 
The Ministry of Commerce stated that Thailand exports for the first five months of 2020 has contracted by 3.71% and the exports value in May fell the most in 4 years since April 2016.
 
While imports continued to shrink to 34.4%, following a contraction of 17.13% a month earlier, which also dropped more than expected, due to a decline in fuel importation.
 
In May, Thailand reported a trade surplus of USD2,694 million. Meanwhile, between January – May, a trade surplus totaled USD9,090 million.   