Bangkok - Thailand exports last month contracted 23.1 per cent year-on-year while imports fell 35.1 per cent, the commerce ministry announced Tuesday.
Thailand's exports in March reached 11.6 billion dollars, a 23.1- per-cent decline compared with the 15 billion dollars of goods exported by the kingdom in March 2008.
Imports in March reached 9.5 billion, down a whopping 35.1 per cent, a strong indication that the country's manufacturing, much of in based on imported parts and raw materials, is in decline.