March exports drop 4.2% y-o-y, trade surplus narrows

March exports drop 4.2% y-o-y, trade surplus narrows

Thailand’s current account surplus was $6.08 billion in March, compared with February's $6.51 billion surplus, the Bank of Thailand said on Tuesday.

March exports contracted 4.2% from a year earlier, after falling 1.7% in February.

Imports in March fell 5.8% from a year earlier, after sliding 7.3% in February.

The country’s March trade surplus was $3.58 billion, compared with February's $3.46 billion surplus.

Private consumption dipped 0.2% from the previous month, while private investment rose 0.3%.

 

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