Exports see decline in June as agricultural trade suffers

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Exports in June shrank by 0.3%, representing the first contraction in three months, due to the end of the season for fruit products, the Commerce Ministry said on Friday, adding that it still expected exports to grow overall this year.

For the remaining months of the year, if the value amounts to $23.7 billion per month on average, exports would expand by 1%, while if the value amounts to $24.2 billion, exports would expand by 2%.

"This could be a record year if exports hit 10 trillion baht," said Mr Poonpong, adding that the crucial factor would be the economic performance of key trading partners including China, the US, Europe and India.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaIndia

Topics: Year Increased Months Agricultural Products Exports Billion Parts 2024 Growth First

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-27 @ 04:00:00 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 539 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 21788340

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