Thai export to contract by 4.2%, the lowest in six years

[webfact]

Export to contract by 4.2%, the lowest in six years



BANGKOK: -- Thai National Shippers’ Council (TNSA) has indicated that the country’s exports has fallen to the lowest point in a six year period and expects that exports will contract further by 4.2%.

TNSA chairman Nopporn Thepsithar has revealed that the poor global economic outlook and the fall in the values of the currencies of Thailand’s competing countries has had a negative effect on the economy.

He said that although the Baht had fallen to 36 baht to a US dollar, competitors are reaping the benefits of their currencies devaluing at a more significant rate.

Furthermore, the continued drop in global fuel prices accompanied with continued migration of production base of critical products from the country has had a drastic effect on the country’s exports.

With this in mind, he said the TNSA has been forced to make adjustments to export projections for the 2015 by as much as a 4.2% contraction.

This represents a sustained 3 year contraction and is also the lowest it has ever fallen in a 6 year period.

June’s exports figures contracted by 7.8% bringing the total export contraction for the first 6 months of the year to 4.84%.

The TNSA chairman said significantly, all vital markets for Thailand also experienced dramatic decline such as the Middle-East market which plummeted by 24% while exports to other Asian markets contracted by 11.6% followed closely by the EU which saw a 7.1% contraction.

This however is offset by an increase in exports to Indo-Chinese markets such as Cambodia, Myanmar and Vietnam which grew by 10.8%, he said.

Source: http://englishnews.thaipbs.or.th/export-to-contract-by-4-2-the-lowest-in-six-years


-- Thai PBS 2015-08-04

[worgeordie]

Time to devalue the Bhat?,

regards Worgeordie

[djjamie]

Well done to Paryut and the team for keeping the export figures relatively stable considering the current market. I wish Australia could see a reduction of only 4.2% in this economic climate. They have over 5% export contraction.

Even Singapore is showing around 9% contraction between January and June this year.

Don't forget kiddies I am not asking the local Thai guy than runs the Tom Yum food stall about this. I am referring to FACTS.......

Edited August 4, 2015 by djjamie

[Thai at Heart]

Fdi is the problem. Thailand is not getting it's share anymore for several years. Coups, floods, protests all have a price to pay eventually.

[Down the rabbit hole]

Well done to Paryut and the team for keeping the export figures relatively stable considering the current market.

[Prbkk]

Well done to Paryut and the team for keeping the export figures relatively stable considering the current market. I wish Australia could see a reduction of only 4.2% in this economic climate. They have over 5% export contraction.

Even Singapore is showing around 9% contraction between January and June this year.

Don't forget kiddies I am not asking the local Thai guy than runs the Tom Yum food stall about this. I am referring to FACTS.......

Seriously, you make it up as you go along but I doubt that there are many left on here who are gullible enough to believe it.

[Anthony5]

Well done to Paryut and the team for keeping the export figures relatively stable considering the current market. I wish Australia could see a reduction of only 4.2% in this economic climate. They have over 5% export contraction.

Even Singapore is showing around 9% contraction between January and June this year.

Don't forget kiddies I am not asking the local Thai guy than runs the Tom Yum food stall about this. I am referring to FACTS.......

Keeping the export figures stable?

Which part of, lowest in six years, is it that you don't understand?

[thesetat2013]

They can expect a lot lower than the 4.2 they are quoting if the UE and us flag them again for their fishing and starts refusing Thai seafood

[MZurf]

Well done to Paryut and the team for keeping the export figures relatively stable considering the current market. I wish Australia could see a reduction of only 4.2% in this economic climate. They have over 5% export contraction.

Even Singapore is showing around 9% contraction between January and June this year.

Don't forget kiddies I am not asking the local Thai guy than runs the Tom Yum food stall about this. I am referring to FACTS.......

Hats off to the most prolific troll ever on TV - keep the drivel coming!

[bamnutsak]

Well done to Paryut and the team...

Amazing that a Junta fanboi is still able conjure up fanfic these days.

[Srikcir]

And how soon will we hear that this is the fault of previous administrations?

The problem with this one-man band is he can only play one note.

[tbthailand]

And how soon will we hear that this is the fault of previous administrations?

The problem with this one-man band is he can only play one note.

I believe he likes to refer to them as previous "elected" governments...

As if the E-word is somehow worse than the D-word...