According to Deputy Prime Minister Somkid Jatusripitak, exports are likely to fetch US$260 billion this year, down from $270 billion projected earlier. According to Commerce Ministry data, the dollar value of Thai exports decreased by 1.9% year-on-year to $80.5 billion in the first four months of this year. Import value shrank 1.1% to $80.0 billion, yielding a trade surplus of $550 million. The ministry said earlier that export trends aligned with global sentiment and the outlook for other Asian countries, making export prospects murky because of the escalating trade war. For instance, Australia is importing more electric vehicles (EVs) from China and Germany and has reduced imports of petrol-fuelled vehicles.

Source: Bangkok Post May 31, 2019 11:57 UTC