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Thailand’s exports drop for third straight month in May

Thailand’s customs-cleared exports dropped for a third straight month in May, down 5.79 percent from a year earlier, after contracting 2.57 percent in April, mainly due to lower shipments of cars and parts, electronics and oil, the Thai Ministry of Commerce said on June 21.
Thailand’s exports drop for third straight month in May ảnh 1Illustrative image (Source: Internet)

Hanoi (VNA) - Thailand’s customs-cleared exportsdropped for a third straight month in May, down 5.79 percent from a yearearlier, after contracting 2.57 percent in April, mainly due to lower shipmentsof cars and parts, electronics and oil, the Thai Ministry of Commerce said onJune 21.

In May, its shipments to China dropped 7.2 percent year-on-year,while exports to the US climbed 7.8 percent, a ministry official said.

Meanwhile, its imports contracted 0.64 percentfrom a year earlier, after falling 0.72 percent in the prior month.

Contrary to the April’s 1.46 billion USDdeficit, the country ran a surplus of 181.5 million USD.

In January-May, exports fell 2.7 percentannually, while imports dipped 0.99 percent.-VNA

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