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Wednesday, May 8, 2024

March export decline not as bad as feared

Commerce ministry still believes modest full-year growth is possible

Cars are ready for export at Laem Chabang port in Chon Buri province. Passenger car exports in March expanded by 8.7% from a year ago. (Bangkok Post File Photo: Patipat Janthong)

The dollar value of Thai exports contracted less than expected in March as shipments of some key items improved, and the Ministry of Commerce now says it expects some export growth for the full year.

Exports dropped 4.2% in March from a year earlier, far better than the forecast for a drop of 14% in a survey of economists by Reuters.

The export value of $27.65 billion was the highest in a year, the ministry said on Wednesday.

“Despite the export fall,…

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