Thai March exports fall 4.88 pct y/y
BANGKOK, April 22 (Reuters) - Thailand's customs-cleared
exports fell 4.88 percent in March, after unexpectedly
increasing in February, due to falling shipments of electronics
amid the Sino-U.S. trade war, the commerce ministry said on
Exports in March dropped 4.88 percent from a year earlier,
compared with a Reuters poll prediction of a 3 percent decline
in shipments, a key driver of Thai growth.
In February, annual shipments unexpectedly rose 5.91 percent
due to one-time shipment of arms and weapons.
The export contraction in March was because of shipments of
electronics, oil and related products, and computers and
accessories, a commerce ministry official told a briefing.
In March, imports fell 7.63 percent from a year earlier,
after slumping 10.03 percent in February. The poll forecast was
for a fall of 2.95 percent in the month.
There was a trade surplus of $2 billion in March, compared
with a forecast of $1.28 billion surplus, and February's $4.03
The ministry has forecast an export growth of 8 percent for
this year after a 6.7 percent increase in 2018.
($1 = 31.89 baht)
(Reporting by Kitiphong Thaichareon
Writing by Orathai Sriring; Editing by Gopakumar Warrier)
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