Exports rise 2.1% in April on boost from agriculture, goldSukhothai gold ornaments made by smiths at the Onanong Chang Thong gold shop. Exports, excluding gold, fell 10.31% year-on-year, likely reflecting the underlying weakness in global trade amid the coronavirus pandemic. The spike in gold exports highlighted the risk aversion effects arising from Covid-19 and global economic slowdown, resulting in rising golds prices and large exports to Switzerland, Singapore, and Hong Kong. Excluding gold, oil, and weaponry, Thai exports in April 2020 contracted 7.53%, the ministry said. Excluding gold, oil, and weaponry, exports contracted 0.96%.
Source: Bangkok Post May 22, 2020 06:00 UTC