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Thai March exports fall 4.88 percent year-on-year

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Thai March exports fall 4.88 percent year-on-year

 

2019-04-22T041239Z_1_LYNXNPEF3L05X_RTROPTP_4_THAILAND-RICE.JPG

FILE PHOTO - A tractor drives past at a rice drying yard at an export rice plant in the central Chainat province in Thailand, December 16, 2015. REUTERS/Jorge Silva/File Photo

 

BANGKOK (Reuters) - Thailand's customs-cleared exports fell 4.88 percent in March, after unexpectedly increasing in February, due to falling shipments of electronics amid the Sino-U.S. trade war, the commerce ministry said on Monday.

 

Exports in March dropped 4.88 percent from a year earlier, compared with a Reuters poll prediction of a 3 percent decline in shipments, a key driver of Thai growth.

 

In February, annual shipments unexpectedly rose 5.91 percent due to one-time shipment of arms and weapons.

 

The export contraction in March was because of shipments of electronics, oil and related products, and computers and accessories, a commerce ministry official told a briefing.

 

In March, imports fell 7.63 percent from a year earlier, after slumping 10.03 percent in February. The poll forecast was for a fall of 2.95 percent in the month.

 

There was a trade surplus of $2 billion in March, compared with a forecast of $1.28 billion surplus, and February's $4.03 billion surplus.

 

The ministry has forecast an export growth of 8 percent for this year after a 6.7 percent increase in 2018.

 

(Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Gopakumar Warrier)

 

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-- © Copyright Reuters 2019-04-22

EMS is clearly not a major shipping channel but was it a good idea for EMS Thailand (Thailand Post) to approximately double their international postage rates in one fell swoop in 2016?

  • Popular Post

Time to weaken the Baht .

  • Popular Post
2 minutes ago, mok199 said:

Time to weaken the Baht .

Only once certain people have got their monies out of the kingdom.   Then it can weaken and possibly reach it's realistic value.

  • Popular Post

Good God !

Just how much Pigeon S#@t am I eating with my rice ? ( Photo )

rice with pigeon shit ?

2 hours ago, Cake Monster said:

Good God !

Just how much Pigeon S#@t am I eating with my rice ? ( Photo )

It's no extra charge.

Not to mention the rat crap.

Edited by wisperone

8 hours ago, webfact said:

n February, annual shipments unexpectedly rose 5.91 percent due to one-time shipment of arms and weapons.

 

The export contraction in March was because of shipments of electronics, oil and related products, and computers and accessories, a commerce ministry official told a briefing.

Ergo, let's show a picture of a rice factory in 2015.

5 hours ago, Cake Monster said:

Good God !

Just how much Pigeon S#@t am I eating with my rice ? ( Photo )

 

2 hours ago, arithai12 said:

Ergo, let's show a picture of a rice factory in 2015.

You are supposed to boil it and kill the creepies in the rice. With the stray dog and cat shit.

Getting back to the article... As with tourism and road death statistics, these are the "official figures" released for public consumption. I can't help but worry that the real situation is a lot worse!

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