Thai exports continue reaching upward

[snoop1130]

Thai exports continue reaching upward

By The Nation

 

Thailand’s August exports reached US$21.22 billion (Bt793 billion), a record for the past six years and up 13.2 per cent compared to the same month of last year.

 

Meanwhile, the country’s exports for the first eight months of this year increased by 8.9 per cent compared to the same period last year, totalling about $153.6 billion. Thailand’s imports for the first eight months of this year reached $144.7 billion, up 15.4 per cent compared to the same period last year. The country could boast a trade surplus of nearly $8.9 billion for the latest eight-month period.

 

Commerce Minister Apiradi Tantraporn attributed the 12.2 per cent surge of August exports to an increase of exports to all major markets, especially China, CLMV (Cambodia, Laos, Myanmar, and Vietnam), Japan and the US.

 

Exports of agricultural and agri-industrial products to those markets have increased continuously for the last 10 consecutive months, while the exports of industrial goods have also increased for the last six consecutive months.

 

Source: http://www.nationmultimedia.com/detail/Economy/30327329

 

-- © Copyright The Nation 2017-9-21

[dcsw53]

How did this story make the forum, I thought it was only there for bad news, Thai bashing and pouring doubt over any positive news ?

 

If this is new policy please keep it up, it will be nice not to feel like slitting your wrists everday after the endless reporting of dark side stories.

[ExpatOilWorker]

31 minutes ago, dcsw53 said:

How did this story make the forum, I thought it was only there for bad news, Thai bashing and pouring doubt over any positive news ?

 

If this is new policy please keep it up, it will be nice not to feel like slitting your wrists everday after the endless reporting of dark side stories.

You need to give us a chance, it is still early in the morning and it was after all Friday night last night.

 

$153.6 billion during the first 8 months is not bad, it a whopping 0.9% higher than the 2011 Jan-Aug export.

 

2010	$123,571.02
2011	$152,273.00
2012	$150,247.35
2013	$151,763.00
2014	$149,720.95
2015	$142,707.35
2016	$140,165.32

 

(Jan-Aug Export Million $)

 

Export.xls

Edited September 22, 2017 by ExpatOilWorker

[RichardColeman]

Figures by that stupid woman at the TAT by any chance ? 

[Retiredandhappyhere]

Importers in other countries must be enjoying the higher prices they have to pay caused by the high value of the Thai Baht.  Strange? We must assume that when the Baht slips in value, Thai exports will go through the roof.

[yimlitnoy]

It was false to say that the Baht strengthening was hurting export.  All told, a sliding Baht is a sign of failing confidence in the prospects of Thai assets.  When the Baht begins a bullish rebound, we’ll know that faith in Thailand as a place to invest and do business is also on the rise. 

From Asiachart.

Edited September 22, 2017 by yimlitnoy

[Retiredandhappyhere]

3 minutes ago, yimlitnoy said:

It was false to say that the Baht strengthening was hurting export.  All told, a sliding Baht is a sign of failing confidence in the prospects of Thai assets.  When the Baht begins a bullish rebound, we’ll know that faith in Thailand as a place to invest and do business is also on the rise. 

 

So having to pay a higher price for Thai goods does not matter?  In that case, why don't Thai exporters merely increase their prices even further and make more profits?  Companies and countries importing from Thailand are not necessarily looking for a country in which to invest.  They merely want good products at affordable prices.

[yimlitnoy]

32 minutes ago, Retiredandhappyhere said:

So having to pay a higher price for Thai goods does not matter?  In that case, why don't Thai exporters merely increase their prices even further and make more profits?  Companies and countries importing from Thailand are not necessarily looking for a country in which to invest.  They merely want good products at affordable prices.

I simply put facts, not alternative facts...  The result is there for all to see.  Let the market dictate the best rate for the Baht.  Confidence in a country also count, you want the goods to be delivered...  This also forced the exporter to improve the quality of their product in order to compete in the market place.

Edited September 22, 2017 by yimlitnoy