February exports see 2.59% year-on-year contraction
Officials upbeat on recovery from April
Overall Thai exports in February contracted by 2.59% to US$20.2 billion year-on-year, attributed to a drop in industrial products and gold shipments, but officials believe the country will enjoy a gradual recovery starting next month.
“The February figures were satisfactory,” said Phusit Ratanakul Sereroengrit, director-general of the Trade Policy and Strategy Office, adding the value above $20 billion was a good sign.
From January to February this year, the export value contracted by 1.16% to $39.9 billion.
The export contraction in February was driven by a 4% decrease of industrial product exports and up to 93% decrease of gold exports.
Among major industrial products are textiles, which fell by 12.5%, and hard-disk…
