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Thailand’s exports plunge in June

Thailand’s exports declined by almost 23.2 percent in June compared to the same period last year, the strongest fall since July 2009, but the country’s Commerce Ministry still expects improvement in the second half of 2020.
Thailand’s exports plunge in June ảnh 1Rice for sale at a supermarket in Bangkok capital of Thailand (Photo: VNA)

Hanoi (VNA) – Thailand’sexports declined by almost 23.2 percent in June compared to the same periodlast year, the strongest fall since July 2009, but the country’s Commerce Ministrystill expects improvement in the second half of 2020.  

Pimchanok Vonkorporn, director-general of theministry’s Trade Policy and Strategy Office, said that in June, export valuewas at 16.4 billion USD while imports went down by some 18.1 percent to14.8 billion USD.

In the first half of this year, overseasshipments dropped by about 7.1 percent to 114.3 billion USD, and imports down12.6 percent to 103.6 billion USD.

Thai media cited theofficial as saying that exports would be bottoming out, and they wereslowly improving in many markets and would show an overall contraction of 8-9percent throughout this year./.
VNA
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