Thailand's foreign trade exports showed negative growth in 2019



source: China News Network

China News Agency, Bangkok, January 22 (reporter guok'an) - Thailand's Ministry of Commerce announced on the 22nd that Thailand's total foreign trade exports in 2019 were US $246.244 billion, a year-on-year decrease of 2.65%

in December 2019, Thailand's export volume decreased by 1.28% year-on-year, which is the fifth consecutive month of negative growth in the country's foreign trade export, but the contraction range is smaller than that in previous months

officials from the trade policy and Strategy Office of the Ministry of Commerce of Thailand said that the global economic slowdown and trade uncertainty, the appreciation of the Thai baht and the fluctuation of oil and gold prices were the main reasons for the decline of Thailand's foreign trade exports last year

however, Thailand still maintained a trade surplus throughout the year. According to the data, the import volume of Thailand in 2019 was US $236.64 billion, a year-on-year decrease of 4.7%, and the trade surplus was about US $9.6 billion

Thailand is the second largest economy in Southeast Asia, and foreign trade plays an important role in its economy. In 2017 and 2018, Thailand's total foreign trade exports increased by 9.9% and 6.7% respectively. (end)

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