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Thai Exports down 5% in May, for Five Consecutive month
Thai exports continued to contract in May, dropping 5% year-on-year and bringing the contraction in the 5-month period to 4.2%.
Thai Exports dropped for the fifth consecutive month in May, by 5% year-on-year to US$18.43 billion, while imports plummeted by 19.97% to $16.01 billion.
The figures translated into a trade surplus of $2.42 billion for the month, according to Somkiat Triratpan, director of the Commerce Ministry’s Bureau of Trade and Strategy.
From January to May, exports dropped 4.2% year-on-year to $88.694 billion while imports declined 9.39% to $85.37, representing a trade deficit of $3.32 billion.
Source: Exports continue to slump by 5% in May
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