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Thai exports hit new low, pandemic to blame

Caitlin Ashworth

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PHOTO: Thairath

Thailand’s exports have dropped drastically and the Thai Ministry of Commerce blames the coronavirus pandemic for the low levels and the shrinking supply and demand market. In a report released yesterday, exports for May are the lowest they’ve been in 4 years.

Worldwide lockdowns have caused production in Thailand to take a plunge, according to the director-general of the commerce ministry’s Trade Policy and Strategy Office, Pimchanok Vonkorpon. On the flip side, exports of farm products and food actually grew by 22%.

“The export value in May was recorded at 16.8 billion US dollars, down 22.50% year-on-year, and the import value was at 13.58 billion U.S. dollars, down by 34.4%.” The report says that in the year’s first 5 months, overall Thai exports dropped down 3.7% year-on-year and imports decreased by 11.6% year-on-year.

SOURCE: Xinhua

 

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2 Comments

2 Comments

  1. Avatar

    Toby Andrews

    Thursday, June 25, 2020 at 5:48 pm

    Great the only way to convince the Thai people to rid themselves of this useless Thai government, is to make the citizens poor.

  2. Avatar

    Ryan S.

    Thursday, June 25, 2020 at 11:29 pm

    “Supply and demand market”

    This is how you know your writers are economically incompetent.

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Caitlin Ashworth is a writer from the United States who has lived in Thailand since 2018. She graduated from the University of South Florida St. Petersburg with a bachelor’s degree in journalism and media studies in 2016. She was a reporter for the Daily Hampshire Gazette In Massachusetts. She also interned at the Richmond Times-Dispatch in Virginia and Sarasota Herald-Tribune in Florida.

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