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Friday, May 3, 2024

Export value dips for sixth month in a row

Ministry maintains growth target

A truck carries goods for trade at the Port Authority of Thailand in Bangkok. The value of Thai exports surpassed the five-year average of $23.9 billion last month, reaching a 12-month high. Somchai Poomlard

Though Thai exports fell for a sixth consecutive month in March and the global economy remains sluggish, the Commerce Ministry remains confident shipments can meet the growth target of 1-2% this year.

According to Deputy Commerce Minister Sinit Lertkrai, the export trend for the second quarter began negatively, but the contraction rate is decreasing and should turn positive from the second half of the year.

“The ministry has made evaluations and we expect to…

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