Thai June Exports Shrink 23.17% as Covid-19 Disrupts Global Trade

Thailand’s exports in June shrank 23.17% year-on-year with exports value of USD16,444 million, compared with market expectations of a 6.4% – 15% fall and after a 22.5% contraction in May, due to the Covid-19 outbreak impact on global economy, said the Ministry of Commerce on Friday.

 

Imports recorded USD14,834 million, a 18.05% plunge, versus a expectations of a 18% fall, while trade surplus amounted to USD1,610 million.

 

Between January and June, Thailand’s exports value was at USD114,343 million, contracted by 7.09% and the imports has recorded USD103,642 million, a 12.62% shrink, leading a trade surplus of USD10,701 million