BANGKOK: Thailand’s customs-cleared exports contracted again in May from a year earlier as demand from its major markets declined, Commerce Ministry data showed on Friday. Exports, worth about two-thirds of Southeast Asia’s second-largest economy, have contracted the past three years. The central bank has forecast a 2.5 percent fall in 2016.
Exports of key industrial products accounted for 78.8 percent of total shipments in May, and agricultural goods were 15.6 percent. Among industrial products, 14.1 percent were classified as overall electronics and another 14.6 percent were overall vehicles and parts.