Thai exports Are Likely Increase by More Than 10% in April

[webfact]

 

By Paphamon Arayasukawat

   

BANGKOK (NNT) - The Commerce Ministry has reported that Thai exports are maintaining healthy growth momentum and are likely to increase by more than 10% in April.

 

Commerce Minister Jurin Laksanavisit said the country’s exports have recovered from their low point, with outbound shipments increasing by more than 10% in April, from US$18.9 billion (593 billion baht) in the same month last year.

 

He said Thailand’s exports, in the first four months, are expected to rise by more than 4% year-on-year, and commercial ambassadors worldwide have been ordered to work harder to drive export growth to 8-11% this year.

 

Mr. Jurin said exports are an important engine in driving the Thai economy, in addition to domestic consumption, while the tourism sector remains stalled by the pandemic. The Commerce Ministry pledged to work with the private sector, including the Joint Standing Committee on Commerce, Industry and Banking and the International Chamber of Commerce (ICC), to resolve export obstacles, especially container shortages.

 

-- © Copyright NNT 2021-05-24

 

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[realfunster]

As I posted in a very similar thread a couple of days ago, I would suggest China as the number one target country for a ‘chat’, with a trade deficit of USD 20bn.

 

What is the point of all this general ‘sucking up’ to the Chinese when you are running such a large deficit ?

Apart from submarines, what does Thailand get out of it ?

 

 

 

 

[bkk6060]

I am sure they are exporting as many products a possible since there is literally no consumption here.

[internationalism]

the key here would be "year on year".

in the 2020 all air traffic was halted, that includes air cargo of perishable goods (as flowers, quality fruits, vegetables), high value small electronics (thailand is the largest exporter of hard disks), medicines. 

supplies of chinese components, parts stopped coming in March, so production (and export) ceased.

On top of it, lock down slowed economy so there was no surplus of goods for export.

So it's easy to compare to an extremely poor performance the last year.

Same method of thinking is used by TAT - they can always compare to the first wave, when zero tourists came, so now there is an increase 1000%

[ExpatOilWorker]

15 minutes ago, internationalism said:

the key here would be "year on year".

in the 2020 all air traffic was halted, that includes air cargo of perishable goods (as flowers, quality fruits, vegetables), high value small electronics (thailand is the largest exporter of hard disks), medicines. 

supplies of chinese components, parts stopped coming in March, so production (and export) ceased.

On top of it, lock down slowed economy so there was no surplus of goods for export.

So it's easy to compare to an extremely poor performance the last year.

Same method of thinking is used by TAT - they can always compare to the first wave, when zero tourists came, so now there is an increase 1000%

Agree, but interesting enough April 2020 was not a bad export month.

 

April 2019: $18.6 billion

April 2020: $18.95 billion ($2.4 billion trade surplus)

 

Today's number will be interesting. 

 

[hotchilli]

59 minutes ago, realfunster said:

What is the point of all this general ‘sucking up’ to the Chinese when you are running such a large deficit ?

Apart from submarines, what does Thailand get out of it ?

Sinovac?

[sezze]

I can only say from my company based in Belgium . We make complex chemicals and we are struggling to keep up with production the last months . We are producing nrs not made before . I have no knowledge of the profit nrs , or any others relating to this , but i can see what we are producing. I am working at a big WW chem company , so i think this nr is about the market is important . I do think this relates to Thailand also , demand of product is very high ...

[Eric Loh]

2 hours ago, realfunster said:

As I posted in a very similar thread a couple of days ago, I would suggest China as the number one target country for a ‘chat’, with a trade deficit of USD 20bn.

 

What is the point of all this general ‘sucking up’ to the Chinese when you are running such a large deficit ?

Apart from submarines, what does Thailand get out of it ?

 

 

 

 

 

Perhaps you should look at the type of imports from China to understand the discrepancy. Majority of the imports are intermediary products like iron, steel, organic chemicals and plastics that Thailand need as inputs in the production of final goods. 

[Darkside Gray]

I really, honestly, truly believe this! Truly!