Thai exports saw a wider contraction in October, with the rate dropping by 6.71% from the same month of last year after September’s reading registered a drop of only 3.9% year-on-year.
The Commerce Ministry reported on Monday that the country’s customs-cleared exports fetched US$19.38 billion in October, with imports shrinking 14.32% to $17.33 billion, resulting in a trade surplus of $2.04 billion. For the first 10 months of 2020, Thai exports contracted 7.26% to $192.37 billion while imports dropped 14.61% to $169.70 billion, resulting in a trade surplus of 22.67 billion.
According to Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, Thai exports to major markets tend…
