US tariffs on China goods may cut Thai exports as much as US$6.7 billion: Ministry

A shipping container at a port in Bangkok, Thailand. So far this year, the United States and China have been Thailand's two biggest export markets.
A shipping container at a port in Bangkok, Thailand. So far this year, the United States and China have been Thailand's two biggest export markets.PHOTO: REUTERS

BANGKOK (REUTERS) - Thailand's exports could fall by between US$5.6 billion (S$7.67 billion) and US$6.7 billion because of new US tariffs on Chinese goods, the Thai commerce ministry said on Tuesday (May 14).

Such goods cover about 46 per cent of Thai exports, ministry official Pimchanok Vonkhorporn said in a statement.

The statement did not give a timeframe for the forecast fall in Thai exports.

Shipments of electronics and automobiles are expected to decline sharply, Mr Pimchanok said.

So far this year, the United States and China have been Thailand's two biggest export markets.