Thai exports slide 2.76% in value on year in February

Exports in February decreased in value year on year for the first time in four months, a decline attributed to the high value of gold and aerospace exports in February 2016, according to the Commerce Ministry. The ministry reported that export value last month declined by 2.76 per cent to US$18.47 billion. However, if gold and aerospace were excluded, categories in which exports were high during the same month last year, value would have expanded by 8.5 per cent on strong growth in the agricultural-products segment. Pimchanok Vonkorpon, director-general of the ministry’s Trade Policy and Strategy Office, said despite the February decline, there was still good reason to believe that export value this year would increase by at least 3 per cent.

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