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Thai shipping body slashes 2019 export growth forecast to -1 pct from 1 pct

July 03, 2019

Abstract : Thai National Shippers' Council (TNSC) cut its 2019 export forecast to a 1 percent decline from a 1 percent rise. This move was due to continuous export contraction in May again amid the U.S.-China trade war.

InfoQuest, (July 01, 2019) -- Thai National Shippers' Council (TNSC) cut its 2019 export forecast to a 1 percent decline from a 1 percent rise. This move was due to continuous export contraction in May again amid the U.S.-China trade war.

According to the latest figures released by Thai Ministry of Commerce, Thai export in May totaled 21.017 billion U.S. dollars, down 5.79 percent.

Source: InfoQuest, by Tanawat Suayaem/ Kasamarporn/ Rachada, translated by Xinhua Silk Road

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