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Thailand's exports drop 5.01 percent in May

According to the Thai Ministry of Commerce, Thailand’s exports have hit a new low with a contraction of 5.01 percent in May.
According to the Thai Ministry of Commerce, Thailand’s exports have hit a new low with a contraction of 5.01 percent in May.

Theministry said exports in May totalled 18.4 billion USD, the fifthconsecutive drop in five months. Imports for the month were estimated at16 billion USD, resulting in a trade surplus of 2.41 billion USD.

Exports in January to May totalled 88.6 billion USD, which is a decrease of 4.2 percent.

Thesharp drop is attributed largely to the slower-than-expected globaleconomic recovery and Thailand's lower competitiveness.-VNA
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