Thailand saw a 5.83 percent drop in exports in February due to the baht appreciation and the country’s accumulated trade deficit worth more than 7 billion USD.
Permanent Secretary for Commerce Watchari Wimuktayont said total export value in February stood at 17.9 billion USD, while import value of the same month was worth 19.5 billion USD, up by 5.27 percent. The situation resulted in a trade deficit of 1.56 billion USD in February.
The permanent secretary said she believed relevant units would make sure that the currency would not appreciate further and this year’s export growth target was maintained at 8-9 percent.
Thailand’s export growth target will be reconsidered at mid year.-VNA
Permanent Secretary for Commerce Watchari Wimuktayont said total export value in February stood at 17.9 billion USD, while import value of the same month was worth 19.5 billion USD, up by 5.27 percent. The situation resulted in a trade deficit of 1.56 billion USD in February.
The permanent secretary said she believed relevant units would make sure that the currency would not appreciate further and this year’s export growth target was maintained at 8-9 percent.
Thailand’s export growth target will be reconsidered at mid year.-VNA
