20 May '11, 11am

Thai trade balance in red as exports slow: BANGKOK - THAILAND posted a trade deficit in April as a shortage of a...

BANGKOK - THAILAND posted a trade deficit in April as a shortage of auto parts from disaster-hit Japan contributed to a slowdown in exports, government data showed Friday. Exports totalled US$17.6 billion (S$21.7 billion) in the month - up almost 25 per cent from a year earlier but far below March's record high of $21.3 billion, according to the Ministry of Commerce. Imports grew roughly 28 per cent year-on-year to $18.4 billion, leaving the country with a trade deficit of $796.5 million, much bigger than a shortfall of $266.2 million seen the previous April. In March of this year the country logged a trade surplus of $2.7 billion. 'We imported more fuel and machinery while auto exports fell 5.4 per cent due to a shortage of parts from Japan,' said Commerce Minister Porntiva Nakasai. Japanese car giant Toyota has temporarily slashed production at its plants in Thailand bec...

Full article: http://www.straitstimes.com/BreakingNews/SEAsia/Story/STI...

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