SME export value rises 6.7% in first four months: Thailand

[webfact]

SME export value rises 6.7% in first four months
By Digital Content



BANGKOK, June 2 - The export value generated by Thailand’s small- and medium-sized businesses during the first four months this year increased 6.7 per cent year-on-year, to 25.3 per cent of the country's total export value, according to a report released by the Office of Small and Medium Enterprises Promotion (OSMEP).

SMEs earned about Bt600.64 billion from exports between January and April this year, the report said.

Jewellery and ornaments ranked first in exports in the period, earning some Bt94.19 billion, followed by plastic and plastic products, and machinery. Major importers were China, Japan and the US.

Imports by SMEs during the first four months this year valued approximately Bt686.95 billion, down 20.5 per cent from the corresponding period of 2013, and accounted for 28.3 per cent of total imports. China, Japan and Singapore were the key exporters for SMEs.

In another development, 19,684 new businesses were set up between this January-April, a decline of 19.5 per cent from the same period last year.

During the same period, 3,731 businesses closed, an increase of 9.9 per cent from the corresponding period last year. (MCOT online news)

-- TNA 2014-06-02

[chainarong]

These are a nice set of figures , I wouldn't guarantee the next quarter will be as good, as trade restrictions, if implemented, will bite into the export area.

[ParadiseLost]

During the period the Baht exchange rate has dropped a few percentile - thus increasing 'export value'?

It would be more pertinent to know volume, rather than perceived value...

If SME exports increased as a percentage of total exports, it would be nice to know the performance of non-SME exports which must surely have reduced?

Overall, did exports increase or decrease?

Spin the apparent good figures and omit the bad news?

[Thai at Heart]

During the period the Baht exchange rate has dropped a few percentile - thus increasing 'export value'?

It would be more pertinent to know volume, rather than perceived value...

If SME exports increased as a percentage of total exports, it would be nice to know the performance of non-SME exports which must surely have reduced?

Overall, did exports increase or decrease?

Spin the apparent good figures and omit the bad news?

Everyone was begging to.reduce the baht to boost exports. It obviously helped this sector a bit, but the rest didn't budge.

[HiSoLowSoNoSo]

300,000 trucks idle after economic slowdown and SME export value rises 6.7%. Strange figures.

[Chris Lawrence]

These are a nice set of figures , I wouldn't guarantee the next quarter will be as good, as trade restrictions, if implemented, will bite into the export area.

Not really chain; look at the reported declines both in business's opening and closing.SME's were also down over 20% for same period last year. All world economies are moving slowly. Thailand's economy looks as though it might be going to sleep.

What is being given in one hand is taken away in the other. The General's business is running the military not countries (there are about 1600 Generals in the Thai armed service). This is an extremly hard time in world economics; the inexperienced are really going to suffer. I agree that the next quarter won't look good; I think the Thai economy is facing a hard landing. There could be some good buys in the next 12-18 months.