April’s exports shrank 8 percent


Exports for the month of April contracted 8 percent to US$15.1 billion after two months of positive expansion, Deputy Commerce Minister Suvit Maesinsee disclosed this week.

Imports for the same period, meanwhile, shrank 14.92 percent resulting to trade surplus in favour of Thailand amounting to US$ 721 million, he said.

Exports for the first four months of this year amounted to US$6.93 billion baht representing 1.24 percent drop while imports for the same period shrank 12.73 percent to US$6.04 billion.

Thailand’s trade surplus for the first four months amounted to US$8.9 billion.

Mr Suvit attributed to the decrease of exports for the month of April to slow global economic recovery.