Thai exports seen falling 5% year-on-year in June: Reuters poll

 

FILE PHOTO: Cargo ships are pictured near the port in Bangkok, Thailand, March 25, 2016. REUTERS/Athit Perawongmetha/File Photo

 

BANGKOK (Reuters) - Thailand’s customs-cleared annual exports likely declined for a fourth straight month in June, down 5.0%, a Reuters poll showed on Friday, after falling 5.79% in the previous month.

 

Imports in June are expected to have dropped 2.96% from a year earlier, after falling 0.64% in May, according to the median forecast of 11 analysts in the poll.

 

Thailand likely recorded a trade surplus of $830 million in June, compared with a surplus of $181.5 million in May.

 

The commerce ministry targets export growth of 3% this year, while the central bank has predicted zero increase amid rising global trade tensions.

 

-- © Copyright Reuters 2019-07-19

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It's all a 'terrible misunderstanding' and no worries, as rich Indians are coming to save them !

Quick lets do some Thai bashing.Ready Set Go!

1 hour ago, snoop1130 said:

central bank has predicted zero increase amid rising global trade tensions.

  

The strong Bath have NO negative impact.

24 minutes ago, trainman34014 said:

It's all a 'terrible misunderstanding' and no worries, as rich Indians are coming to save them !

You are the supreme optimist. In reality Thailand is economically dying. The good times are over.

i heard every building in Thailand was going to collapse all that the same time.

 

Thailand has been on a tear for 15 years. Time for a little break and then off we go again. 

Exports down 5%, tourism down, yet the baht remains strong as ever.

 

What a farce!

It will be interesting to see where Thailand is in 5 to 10 years from now. There seems to be some speculation that they've screwed the tourism pooch by severely damaging the natural beauty through over-development that drew people here in the first place, quickly-increasing prices, political unrest/dissatisfaction, and a variety of other issues involving safety and such. 

 

If they can't bring the baht down and they continue to lose any competitive edge they may have had in global trade, the place could be in some trouble. Then again, Thailand always seems to land on its feet regardless of what happens. 

So far as tourism is concerned Thailand is a garbage dump filled with cheating thieving scamsters and endless immigration queues. The rest of the world is waking up. Pull down the blind and turn off the lights.

Who to believe in conflicting reports land sure someone will be along tomorrow to claim a misunderstanding????

Dear readers.....Exports are down, we'd have to be look at the breakdown by commodity and by trends to see where. However most readers appear to adopt the Thailand is sinking mind set.

 

Hard times across the globe.....how is your country trading??

Meanwhile, Bank of Thailand wallows in the mud, enjoying hot money kickbacks from foreign bond sales.  They claim to watch the Baht closely—but that’s all they do.  Tourism, exports, cash crop farmers and expats be damned...

555 ???? STRONG BAHT ! 

Too bad Thailand cannot participate in the great supply line switch out from communist China to other countries.  Vietnam, Taiwan and South Korea all stand to benefit greatly...

Instead we hear weak excuses about how the trade war causing a high Baht...

Glad the read a truthful report. If only the common Thai earner could read or understand these reports and how they negatively affect their livelihoods and life styles. 

14 hours ago, snoop1130 said:

The commerce ministry targets export growth of 3% this year, while the central bank has predicted zero increase amid rising global trade tensions.

Love to see the reasoning of getting to a massive ZERO growth after 4 of 6 months of continual decline

14 hours ago, Cadbury said:

You are the supreme optimist. In reality Thailand is economically dying. The good times are over.

Hardly dying but like everywhere else in the world, treading water.

16 hours ago, Dr No said:

Dear readers.....Exports are down, we'd have to be look at the breakdown by commodity and by trends to see where. However most readers appear to adopt the Thailand is sinking mind set.

 

Hard times across the globe.....how is your country trading??

Yes, I agree with you. 

 

All countries are exactly the same in every way. 

 

In fact, there is no reason to even have this forum. There should just be one Global Forum as all our issues are exactly the same. 

 

Maybe name it GlobalVisa Forum? 

 

Or maybe UniversalVisa Forum? 

 

GalacticVisa Forum? 

Reduce the BAHT value by 10% and export problem is solved.. Also with a weaker baht may start to see more tourists arriving with the better exchange rate.. 

1 minute ago, tomazbodner said:

How do you suggest they do that?

 

Don't think he knows the baht floats depending on other currencies.  

5 hours ago, tomazbodner said:

"Thailand’s customs-cleared annual exports likely declined for a fourth straight month in June, down 5.0%, a Reuters poll showed on Friday, after falling 5.79% in the previous month. <SNIP> The commerce ministry targets export growth of 3% this year, while the central bank has predicted zero increase amid rising global trade tensions. "

 

It is encouraging to see that all the numbers are so closely aligned.

They are different categories.  They are never the same.  

Oh dear the Junta under Prayuth never mentioned this. Perhaps Prayuth now without the ability to tell BS to the nation is now having to face reality.

5 minutes ago, geoffbezoz said:

Oh dear the Junta under Prayuth never mentioned this. Perhaps Prayuth now without the ability to tell BS to the nation is now having to face reality.

Or even worse actually lose face?Nah he'll just blame someone.I'm sure he isn't a 'the buck stops here" kind of guy,not even that kind of country really.

Just now, tomazbodner said:

Ah you can't put the blame on one man. A vast majority of politicians, in most countries (if not all) are primarily focused on their own benefits. The well-being of the nation and its people isn't generally high on the agenda anywhere. The days of honest politicians with great ambitions in doing good are for most part long gone. It really doesn't matter who's in power. They'll always take care of themselves first. And maybe only.

But the OP was specific to Thailand so perhaps your response should be focused on Thailand, not attempt to diverge the issue to other countries.

Yes; a strong baht will mean weak exports. 

Yes; a strong baht will mean weak exports. 

So why are imported goods going up in price?

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On 7/19/2019 at 8:07 PM, bwpage3 said:

Exports down 5%, tourism down, yet the baht remains strong as ever.

 

What a farce!

 

   Not  really , imports  are cheaper, Rolex watches , Mercs ,  even submarines ..

 

 

These idiots don't get it. We (as foreigners) have the power. If we chose not to engage or do business with Thailand, then their country will go to the wall.

 

Better start giving respect to the hand that feeds them.

7 hours ago, ivor bigun said:

So why are imported goods going up in price?

Sent from my SM-A720F using Thailand Forum - Thaivisa mobile app
 

Because they can. 

An irrelevant, off topic music video has been removed.