Foreign reserves soar as exports slump | Bangkok Post: business

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Exports down in June, but foreign reserves rise

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The value of Thailand's exports in June fell 3.38% from the same month last year to US$19.10 billion, the Commerce Ministry said on Friday. 

The decline followed a drop of 5.3% in May, as demand continued to slow in many major markets. The ministry conceded that it would not meet its target of 7% to 7.5% growth for the year.

The biggest concern was China, where export values in June were down 17% from a year earlier. China is Thailand's largest market, accounting for 11% of all the country's exports.

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