Thailand's Exports Showed Negative Growth In The First Quarter.
After the growth of 6.7% last year, Thailand's foreign trade exports showed negative growth in the first quarter of this year.
The latest statistics released by the Thailand government show that in March, Thailand's exports amounted to 21 billion 440 million US dollars, down 4.88% compared with the same month last year.
So far, the total export volume of Thailand in the first quarter of this year was 61 billion 987 million US dollars, down 1.64% compared to the same period.
Thailand's commerce ministry official said the global economic slowdown was the main reason for the decline in exports in the first quarter of Thailand.
Among them, the export value of computers, equipment and parts in Thailand has shrunk by about 20% over the same period.
However, despite the decline in exports, Thailand still had a trade surplus of US $2 billion in the first quarter.
In view of the negative growth of export volume in the first quarter, the Thailand Kai Tai research center will reduce the expected growth of Thailand's gross export value from 4.5% to 3.2% this year.
The center expects that the total value of Thailand's commodity exports in the second quarter of this year is expected to be flat compared with the same period last year, while the second half is expected to recover land lost and return to positive growth in exports.
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