Thailand’s international trade data in May this year has yet to show signs of recovery. The total export value shrank more than expected, shrinking 5.01% year-on-year, while the total import value shrank 19.97% year-on-year. The above situation shows that the recovery of economic activities is still quite weak.
Regarding the trend in the second half of 2015, Kasikorn Research Center initially predicts that the export situation in the second half of the year should be better than that in the first half, because the low base of comparison in the second half of last year will help exports resume growth. However, the average growth rate of total export value may not be too high, because the economies of the world and Thailand’s important trading partners are still in a fragile state, and their recovery is limited. In addition, it will still take some time for the structural adjustment of Thailand’s export products to be effective. Conducive to competition and meeting the needs of the world market.
Thailand’s exports shrink more than expected and recovery is weak
Thailand’s international trade data in May this year has yet to show signs of recovery. The total export value shrank more than expected, shrinking 5.01% year-on-year, while the total import value shrank 19.97%…
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