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Friday, May 3, 2024

Exports decline for 10th straight month

Weak global demand persists but Commerce Ministry still hopeful of improvement later this year

Shipping containers at a port operated by the Port Authority of Thailand. (Photo: Port Authority of Thailand)

The value of Thai exports dropped for a 10th consecutive month in July, and by more than forecast, mainly because global commodity prices have fallen back from the highs reached last year in the first few months of the Russia-Ukraine war.

Weak global demand has been exacerbated by high interest rates and tougher lending practices, resulting in a deceleration of consumer…

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