Thailand’s customs-based exports fell for a fourth straight month in January and more than expected, the Commerce Ministry said on Thursday, as a global slowdown weakens demand.
That compared with a forecast year-on-year fall of 1% for January in a Reuters poll, and came after December’s 14.6% slump.
Exports, a key driver of growth, dropped 4.5% in January from a year earlier, worse than a 1% fall forecast in a Reuters poll. But the drop was slower than December’s 14.6% year-on-year slump.
Shipments of electronics declined but exports of vehicles rose and rice exports jumped, Deputy Commerce Minister Sinit Lertkrai told a news conference.
The ministry is targeting export growth of just 1% to 2% this year…
