Thai exports drop more than prediction in July

Thailand’s Ministry of Commerce revealed on Friday, 25 August 2023 that Thai exports had sharply dropped in July, which contracted 6.2% in July from a year earlier, according to Reuters.

“A sharp decline in global commodity prices, resulting from the conflicts in Ukraine in the preceding year, led to a significant slowdown in related export values,” the ministry said in a statement, adding China had also faced a slow recovery.

Furthermore, Keerati Rushchano, the ministry’s permanent secretary noted that the current situation of the exports would make it difficult for the country to achieve its full-year export growth target.

However, he said more effort will be put into completing the goal.


About Kanlayakorn Pengrattana

Kanlayakorn 'Princess' Pengrattana is a freelance writer at ScandAsia.

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