Thailand’s exports declined at a faster-than-expected pace in March, while imports fell unexpectedly, figures from the Commerce Ministry showed Tuesday.
Exports dropped 4.4 percent year-over-year in March, exceeding economists’ expectations for a 3.5 percent decrease. In February, exports had fallen 6.1 percent.
Imports dipped 5.9 percent annually in March, reversing a 1.5 percent growth in the preceding month. Economists had expected a 0.25 percent slight increase for the month.
The visible trade surplus of the country increased to $1495 million in March from $1285 million in the same month of the previous year. It was expected to decrease to $518 million. In February, the surplus was $390 million.
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