Exports maintain recovery in August

[webfact]

Exports maintain recovery in August

By The Nation

 

 

Thai exports fell by a smaller than expected 7.94 per cent to US$20.21 billion in August from a year earlier, the Commerce Ministry said on Wednesday.

 

Reuters had forecast a drop of 12.05 per cent, after July’s exports fell 11.37 per cent year on year. The August figures signal a recovery after exports hit a low point with a 23.17 per cent drop in June.

 

Imports in August fell 19.68 per cent for a trade surplus of US$4.34 billion.

 

From January to August 2020, exports dropped 7.75 per cent from the same period last year while imports fell 15.31 per cent.

 

The recovery in August was driven by shipments of food, household appliances and Covid-19 protection such as rubber gloves, the global market for which has grown 125.9 per cent in the past nine months.

 

The Commerce Ministry said trade and investment is beginning to show signs of recovery as some economies relax lockdown measures and pump in more stimulus.

 

The yearly drop in Thai exports would be limited to 5-8 per cent if exports stayed above $20 billion for the remaining four months of 2020, said Pimchanok Vonkorpon, director-general of Ministry’s Trade Policy and Strategy Office.

 

Source: https://www.nationthailand.com/business/30395025

 

-- © Copyright The Nation Thailand 2020-09-24

 

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[Grumpy John]

Is it only in Thailand that a 7.94% fall could be part of a recovery?

 

They seem to be pinning high hopes on the rest of the year to be something special! 

[Burma Bill]

8 hours ago, webfact said:

Exports maintain recovery

[johng]

The headline and the infographic are at complete opposites !!  the only rise in exports was to America

which was probably Wuflu  PPE.   and in total exports down 7.75%

[Flying Saucage]

8 hours ago, webfact said:

Thai exports fell by a smaller than expected 7.94 per cent .... the Commerce Ministry said on Wednesday.

 

Honestly, who still believes any official numbers announced by this government of liars and thieves?

[Grumpy one]

And now for the lottery numbers for next week brought to you by the Commerce Ministry and a dead chicken