Thai March exports fall 4.88 percent year-on-year

[webfact]

Thai March exports fall 4.88 percent year-on-year

 

FILE PHOTO - A tractor drives past at a rice drying yard at an export rice plant in the central Chainat province in Thailand, December 16, 2015. REUTERS/Jorge Silva/File Photo

 

BANGKOK (Reuters) - Thailand's customs-cleared exports fell 4.88 percent in March, after unexpectedly increasing in February, due to falling shipments of electronics amid the Sino-U.S. trade war, the commerce ministry said on Monday.

 

Exports in March dropped 4.88 percent from a year earlier, compared with a Reuters poll prediction of a 3 percent decline in shipments, a key driver of Thai growth.

 

In February, annual shipments unexpectedly rose 5.91 percent due to one-time shipment of arms and weapons.

 

The export contraction in March was because of shipments of electronics, oil and related products, and computers and accessories, a commerce ministry official told a briefing.

 

In March, imports fell 7.63 percent from a year earlier, after slumping 10.03 percent in February. The poll forecast was for a fall of 2.95 percent in the month.

 

There was a trade surplus of $2 billion in March, compared with a forecast of $1.28 billion surplus, and February's $4.03 billion surplus.

 

The ministry has forecast an export growth of 8 percent for this year after a 6.7 percent increase in 2018.

 

(Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Gopakumar Warrier)

 

-- © Copyright Reuters 2019-04-22

[Topdoc]

EMS is clearly not a major shipping channel but was it a good idea for EMS Thailand (Thailand Post) to approximately double their international postage rates in one fell swoop in 2016?

[mok199]

Time to weaken the Baht .

[geoffbezoz]

2 minutes ago, mok199 said:

Time to weaken the Baht .

Only once certain people have got their monies out of the kingdom.   Then it can weaken and possibly reach it's realistic value.

[Cake Monster]

Good God !

Just how much Pigeon S#@t am I eating with my rice ? ( Photo )

[justin case]

rice with pigeon shit ?

[wisperone]

2 hours ago, Cake Monster said:

Good God !

Just how much Pigeon S#@t am I eating with my rice ? ( Photo )

It's no extra charge.

Not to mention the rat crap.

[arithai12]

8 hours ago, webfact said:

n February, annual shipments unexpectedly rose 5.91 percent due to one-time shipment of arms and weapons.

 

The export contraction in March was because of shipments of electronics, oil and related products, and computers and accessories, a commerce ministry official told a briefing.

Ergo, let's show a picture of a rice factory in 2015.

[shaurene]

5 hours ago, Cake Monster said:

Good God !

Just how much Pigeon S#@t am I eating with my rice ? ( Photo )

 

2 hours ago, arithai12 said:

Ergo, let's show a picture of a rice factory in 2015.

You are supposed to boil it and kill the creepies in the rice. With the stray dog and cat shit.

[bangkokfrog]

Getting back to the article... As with tourism and road death statistics, these are the "official figures" released for public consumption. I can't help but worry that the real situation is a lot worse!