Thailand's economy grew by 2.8 percent in 2015. (Source: reuters.com) Bangkok (VNA) – Thailand’s exports made a four-year record decrease of nearly 9 percent in January, according to the country’s Ministry of Commerce.
The Ministry reported that the country’s export value in January was 15.71 billion USD, decreasing by 8.91 percent compared to the same period last year. It marked the 14th month of decline and the lowest value since November 2011.
Imports were also down 12.37 percent to 15.5 billion USD, according to the Ministry.
The ministry figures showed modest export growth in important auto-parts industry and a significant increase in rice sales for January.
However other key pillars of the export economy showed decline including rubber, plastics, computer parts and chemicals.
Thailand's economy grew by 2.8 percent in 2015. It saw a fall of 78 percent in foreign direct investment in the first 11 months of the year.-VNA
