Thai exports seen up 10-12% this year - shippers

[snoop1130]

FILE PHOTO: A view of Bangkok's port amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, June 21, 2020. Picture taken June 21, 2020. REUTERS/Athit Perawongmetha

 

BANGKOK (Reuters) - Thailand's exports are expected to rise 10-12% this year as the global economy recovers, but the country's coronavirus outbreak remains a negative factor, the national shippers' council said on Tuesday.

 

In the third quarter, exports, a rare bright spot in the economy, are forecast to increase 8-10% from a year earlier, the group told a briefing.

 

-- © Copyright Reuters 2021-09-07

 

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[ThailandRyan]

Exports seem to be going up and that could be from the Thai baht dropping, but what about imports.  I am seeing fewer and fewer western products on the shelves.

[zzaa09]

8 minutes ago, ThailandRyan said:

Exports seem to be going up and that could be from the Thai baht dropping, but what about imports.  I am seeing fewer and fewer western products on the shelves.

Perhaps, there's not a demand for many Western goods. 

Asia is all around us - 'tis all we need.

[hotchilli]

14 hours ago, snoop1130 said:

Thailand's exports are expected to rise 10-12% this year as the global economy recovers, but the country's coronavirus outbreak remains a negative factor, the national shippers' council said on Tuesday.

One word means just more hype.

[hotchilli]

14 hours ago, ThailandRyan said:

Exports seem to be going up and that could be from the Thai baht dropping, but what about imports.  I am seeing fewer and fewer western products on the shelves.

Cheap rubbish from the mother land is hard to beat.

[ThailandRyan]

14 hours ago, zzaa09 said:

Perhaps, there's not a demand for many Western goods. 

Asia is all around us - 'tis all we need.

You go on believing that ok. I watch as the Thais from the upper crust buy the western goods... 

[zzaa09]

29 minutes ago, hotchilli said:

Cheap rubbish from the mother land is hard to beat.

Cheap rubbish - we can do that here.????

[zzaa09]

11 minutes ago, ThailandRyan said:

You go on believing that ok. I watch as the Thais from the upper crust buy the western goods... 

Yes....Farang is saving the world. 

[JimGant]

19 hours ago, ThailandRyan said:

Exports seem to be going up and that could be from the Thai baht dropping, but what about imports.  I am seeing fewer and fewer western products on the shelves.

A falling baht means cheaper exports, but conversely, more expensive (normally, meaning fewer) imports. Two sides of the same coin, and a balancing act all nations' central banks juggle, to the extent they can influence exchange rates. Not a zero sum game, but definitely .the same coin.

 

I've noticed fewer prime beef imports at Rimping lately. Always expensive, now moreso, and probably out of the practical reach of more Thais. Thus, less demand and subsequent availability -- even tho' farangs, sending money from abroad, probably see no price increase when factoring in the more favorable FX rate; if we're not the solo target market, less Thai demand will certainly affect import availability.