Thai export growth reaches the highest in 21 months

[webfact]

Export growth reaches the highest in 21 months

BANGKOK, 27 November 2014 (NNT) – Thai exports have shown a continuous improvement as their value in October 2014 expanded by nearly 4%, the highest in 21 months.

As for the first 10 months of 2014, however, the country still registered a negative growth of 0.36 percent. Nonetheless, Thailand’s exports have begun to show signs of recovery, as the export value during the last two months of this year has averaged around 19 billion US dollars.

Should this trend continue, it may be possible for Thailand to eventually see a positive export growth of 0.05 to 0.5 percent by the end of 2014. Regarding the export growth next year, the ministry expects an expansion of around 4 percent.

Meanwhile, the total imports in October were 20 billion US dollars worth. The figure is a decrease of 4.9 percent compared to the previous month, resulting in a trade surplus of 31 million US dollars. However, the 10-month import average still put the country at a deficit of 1.4 billion US dollars.


-- NNT 2014-11-27

[NeverSure]

"Growth" reached the highest in 21 months. Not "exports" reached the highest...

[JOC]

"Growth" reached the highest in 21 months. Not "exports" reached the highest...

Come on you man of little faith!!

It moved from -100 to -99, and there you have it: Thai Growth!!

[worgeordie]

Just the other day ,someone in the Govt or maybe a trade organization,

was reporting that exports were looking very grim,its all very confusing,

but at least Thailand is a happier place now,also reported by the Govt.

regards Worgeordie

[Fat Haggis]

What a compelely misleading headline !!

It states in the second paragraph that it MAY improve if the trend continues?

Propaganda at its finest indeed.

[clockman]

Remember the previous Finance minister. He said it was ok, To tell white lies! So this the Thai world, unique way of presenting facts.

[thesetat2013]

If there is even a small sign of growth, even if minute, it will be seen as posotive. However, being that even this small sign shows progress is possible they are failing to state that the reason is most probably because of the sale of billions in rice from the mad rush to get money or hide the evidence. So i am assuming this article was just to raise hopes

[toybits]

Why do I have a gut feeling that this is nothing but a load of c r a p?

[gemini81]

if any info comes from the ministry of finance, can't believe a word of it- recall their straightout lying just a few years back? 'may eventually be possible'??? What a joke they are.

[Suffinator]

Hub of economic growth .. .not!

I bet foreigners are just queuing up to invest and see it flow down the drain.

I wonder how long it will be before the west starts imposing trade sanctions in an effort to force democratic elections?

[SOTIRIOS]

.........can only go up from where the previous government took it.....

[jamiesilver]

The dollar is up against the baht - thats about it so im guessing its a tweaked result!

[elgordo38]

Are they growing the wonder weed here now as I wonder where they get these figures. One day its up the next down. Bean counters

[Chris Lawrence]

More money still going out then coming in? Maybe just get the good'ole'boys from the CIB to manage part of the economy? They knew how to accumulate billions on a police officer’s salary?

[tigermonkey]

Most of us know that the Thai baht strangely remains high on the foreign exchange market. There are no practical reasons for the artificially high baht, when the economy is shaky and foreign investment is shrinking; it leads one to think that the baht is being kept artificially high by the BOT. My question is why ? Why not take the baht lower, trying to improve exports, getting rid of the trade deficit mentioned in the OP, and trying to encourage foreign investment through BOI..

Edited November 27, 2014 by tigermonkey

[baboon]

And another piece stating Thailand's condition is fatal but not serious. It strikes me that government is simply being made up as they go along at times...

[ikke]

Just the other day ,someone in the Govt or maybe a trade organization,

was reporting that exports were looking very grim,its all very confusing,

but at least Thailand is a happier place now,also reported by the Govt.

regards Worgeordie

It's a happy ending place !

[Fat Haggis]

Unless you're on sukhmvit road!!

[Thai at Heart]

Most of us know that the Thai baht strangely remains high on the foreign exchange market. There are no practical reasons for the artificially high baht, when the economy is shaky and foreign investment is shrinking; it leads one to think that the baht is being kept artificially high by the BOT. My question is why ? Why not take the baht lower, trying to improve exports, getting rid of the trade deficit mentioned in the OP, and trying to encourage foreign investment through BOI..

You have been off and researched what interest rates are in the USA EU and UK versus Thailand right?

That is why a certain amount of money continues to be put into baht denominated financial products.

Until the USA stops printing a boatload of USD every month expect the USD to stay weak

[rickirs]

"Should this trend continue, it may be possible for Thailand to eventually see a positive export growth of 0.05 to 0.5 percent by the end of 2014."

What trend? Exports for October 2014 were a decrease of 4.9 percent compared to the previous month. "Eventually" cannot mean over the next two months with this NEGATIVE TREND.

If Gen. Prayuth believes any of this rah-rah economic cheerleading for glorious economic predictions, he might want to rethink the idea of ethical reporting.