Thai exports fall almost eight percent in August but have improved for two months say Commerce Ministry


The Commerce Ministry reported this week that Thai exports have fallen 7.94% to about 20.21 billion US dollars for the month of August 2020, although have improved for the past two months prior after a major fall due to impacts from the Covid-19 pandemic.

This drop is less than that predicted by many organizations, TPN notes.

Reuters, for instance, predicted a drop of 12.05%.  The drop of 7.94% shows a better than expected recovery after a low-point of a 23.17% drop in June, 2020.

According to the Commerce Ministry of Thailand, the recovery is being driven by several factors, especially medical supplies such as rubber gloves being exported overseas.  Food items also remain strong, including items such as durian fruit and, believe it or not, crickets.

Exports improving is likely a sign of relief for many in the Thai Finance Industry as one of Thailand’s other major economic factors, the foreign tourism industry, has been heavily impacted and seen no recovery due to borders to Thailand being closed to general tourists until the pandemic situation improves. Unfortunately, that sees no sign of doing so in the near future.

User Review
0 (0 votes)
Adam Judd
Mr. Adam Judd is the Co-owner of TPN media since December 2017. He is originally from Washington D.C., America. His background is in HR and Operations and has written about news and Thailand for a decade now. He has lived in Pattaya for about nine years as a full-time resident, is well known locally and been visiting the country as a regular visitor for over a decade. His full contact information, including office contact information, can be found on our Contact Us page below. Stories please e-mail About Us: Contact Us: