Thailand enjoys export growth for three consecutive months

[webfact]

Thailand enjoys export growth for three consecutive months

 

 

BANGKOK: -- Thailand's exports continued to increase for three consecutive months with over 8% growth in January.

 

Office of the Trade Policy and Strategy director Phimchanok Wornkhorporn said January exports this year amounted to US$17.099 billion, representing an 8.8% increase over statistics for the same period last year.

 

This was the third consecutive month that the country’s exports have enjoyed positive growth, she said.

 

With this satisfactory growth, she said she confidently predicted that this year’s exports could grow by no less than 3.5%.

 

The main products contributing to the rise are rubber which increased by 28%, computers increasing by 30% and  gold exports which rose by  157.6%.

 

Full story: http://englishnews.thaipbs.or.th/thailand-enjoys-export-growth-three-consecutive-months/

 

-- © Copyright Thai PBS 2017-02-28

[kannot]

surprised they can count that high!!

They also forgot "BS" 200000005000.22399%

[ExpatOilWorker]

WOW, impressive start of the year, well not really. Last years export was month by month all over the chart and January 2016 was abysmal low.

 

January export (million $):

2011: $16,156

2012: $15,736

2013: $18,269

2014: $17,864

2015: $17,247

2016: $15,711

2017: $17,011

 

So, at best export were flat, but lets see when February and March numbers come out, because they were actually two very good months in 2016, both at $19 billions.

EC_XT_003_S2_ENG_ALL.XLS

[FredNL]

I thought that I read an opposite story a few weeks ago.

[ExpatOilWorker]

1 hour ago, FredNL said:

I thought that I read an opposite story a few weeks ago.

This one maybe:

 

 

[Brer Fox]

I am confused but the missus says that is normal. Gold exports are up 157.6% but I thought PM Prayuth shut down all gold mines about six months ago. Query truth??

[ratcatcher]

20 minutes ago, Brer Fox said:

I am confused but the missus says that is normal. Gold exports are up 157.6% but I thought PM Prayuth shut down all gold mines about six months ago. Query truth??

truth?? ..................     

[Srikcir]

8 hours ago, webfact said:

BANGKOK: -- Thailand's exports continued to increase for three consecutive months with over 8% growth in January.

And still running a trade deficit. That doesn't help GDP growth.

[ExpatOilWorker]

10 hours ago, Srikcir said:

And still running a trade deficit. That doesn't help GDP growth.

 

Huh??

Thailand have had a trade surplus every single month for the past year. That in part is why the Baht is so strong.

 

You have to go back to 2012-14 to find monthly trade deficits.

[Srikcir]

4 minutes ago, ExpatOilWorker said:

 

Huh??

Thailand have had a trade surplus every single month for the past year. That in part is why the Baht is so strong.

 

You have to go back to 2012-14 to find monthly trade deficits.

Or read today's news.

"Exports up for first time in 4 years but trade deficit also at record high" (2017-01-24)

http://nwnt.prd.go.th/CenterWeb/NewsEN/NewsDetail?NT01_NewsID=WNECO6001240010014

 

 

[ExpatOilWorker]

11 hours ago, Brer Fox said:

I am confused but the missus says that is normal. Gold exports are up 157.6% but I thought PM Prayuth shut down all gold mines about six months ago. Query truth??

Well, if your wife says it, then it must be right.

January 2017 YoY gold exports are in fact up 218.83%, but gold exports fluctuate wildly month by month.

[ExpatOilWorker]

15 minutes ago, Srikcir said:

Or read today's news.

"Exports up for first time in 4 years but trade deficit also at record high" (2017-01-24)

http://nwnt.prd.go.th/CenterWeb/NewsEN/NewsDetail?NT01_NewsID=WNECO6001240010014

 

 

 

WOW, I am impressed. How can one article be so wrong on so many levels. Fascinating really!

 

The title: "Exports up for first time in 4 years but trade deficit also at record high" Totally false of course

In the text: "For imports, 2016 saw a downturn of 3.94 percent to 1.9 trillion USD with machinery" $1.9 trillion, that is more than 5 times Thailand's GDP!!

In the text: "Thailand achieved a trade surplus in 2016 of 20 billion USD, a record high" Correct

 

 

 

 

[ExpatOilWorker]

Ups.........

 

The Commerce Ministry yesterday reported that exports fell by 2.8% year-on-year in February to UScopy8.47 billion 
 

[Chris Lawrence]

Enjoy reading the input EOW. Many contradicting reviews on this board, hard to keep up with the rights and the Wong's. When do they get the subs and account for all the capital spending in the Kingdom?