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Thai exports seen falling 5% year-on-year in June: Reuters poll


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Thai exports seen falling 5% year-on-year in June: Reuters poll

 

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FILE PHOTO: Cargo ships are pictured near the port in Bangkok, Thailand, March 25, 2016. REUTERS/Athit Perawongmetha/File Photo

 

BANGKOK (Reuters) - Thailand’s customs-cleared annual exports likely declined for a fourth straight month in June, down 5.0%, a Reuters poll showed on Friday, after falling 5.79% in the previous month.

 

Imports in June are expected to have dropped 2.96% from a year earlier, after falling 0.64% in May, according to the median forecast of 11 analysts in the poll.

 

Thailand likely recorded a trade surplus of $830 million in June, compared with a surplus of $181.5 million in May.

 

The commerce ministry targets export growth of 3% this year, while the central bank has predicted zero increase amid rising global trade tensions.

 

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-- © Copyright Reuters 2019-07-19
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24 minutes ago, trainman34014 said:

It's all a 'terrible misunderstanding' and no worries, as rich Indians are coming to save them !

You are the supreme optimist. In reality Thailand is economically dying. The good times are over.

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It will be interesting to see where Thailand is in 5 to 10 years from now. There seems to be some speculation that they've screwed the tourism pooch by severely damaging the natural beauty through over-development that drew people here in the first place, quickly-increasing prices, political unrest/dissatisfaction, and a variety of other issues involving safety and such. 

 

If they can't bring the baht down and they continue to lose any competitive edge they may have had in global trade, the place could be in some trouble. Then again, Thailand always seems to land on its feet regardless of what happens. 

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So far as tourism is concerned Thailand is a garbage dump filled with cheating thieving scamsters and endless immigration queues. The rest of the world is waking up. Pull down the blind and turn off the lights.

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Dear readers.....Exports are down, we'd have to be look at the breakdown by commodity and by trends to see where. However most readers appear to adopt the Thailand is sinking mind set.

 

Hard times across the globe.....how is your country trading??

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Meanwhile, Bank of Thailand wallows in the mud, enjoying hot money kickbacks from foreign bond sales.  They claim to watch the Baht closely—but that’s all they do.  Tourism, exports, cash crop farmers and expats be damned...

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Too bad Thailand cannot participate in the great supply line switch out from communist China to other countries.  Vietnam, Taiwan and South Korea all stand to benefit greatly...

Instead we hear weak excuses about how the trade war causing a high Baht...

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14 hours ago, snoop1130 said:

The commerce ministry targets export growth of 3% this year, while the central bank has predicted zero increase amid rising global trade tensions.

Love to see the reasoning of getting to a massive ZERO growth after 4 of 6 months of continual decline

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16 hours ago, Dr No said:

Dear readers.....Exports are down, we'd have to be look at the breakdown by commodity and by trends to see where. However most readers appear to adopt the Thailand is sinking mind set.

 

Hard times across the globe.....how is your country trading??

Yes, I agree with you. 

 

All countries are exactly the same in every way. 

 

In fact, there is no reason to even have this forum. There should just be one Global Forum as all our issues are exactly the same. 

 

Maybe name it GlobalVisa Forum? 

 

Or maybe UniversalVisa Forum? 

 

GalacticVisa Forum? 

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5 hours ago, tomazbodner said:

"Thailand’s customs-cleared annual exports likely declined for a fourth straight month in June, down 5.0%, a Reuters poll showed on Friday, after falling 5.79% in the previous month. <SNIP> The commerce ministry targets export growth of 3% this year, while the central bank has predicted zero increase amid rising global trade tensions. "

 

It is encouraging to see that all the numbers are so closely aligned.

They are different categories.  They are never the same.  

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5 minutes ago, geoffbezoz said:

Oh dear the Junta under Prayuth never mentioned this. Perhaps Prayuth now without the ability to tell BS to the nation is now having to face reality.

Or even worse actually lose face?Nah he'll just blame someone.I'm sure he isn't a 'the buck stops here" kind of guy,not even that kind of country really.

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Just now, tomazbodner said:

Ah you can't put the blame on one man. A vast majority of politicians, in most countries (if not all) are primarily focused on their own benefits. The well-being of the nation and its people isn't generally high on the agenda anywhere. The days of honest politicians with great ambitions in doing good are for most part long gone. It really doesn't matter who's in power. They'll always take care of themselves first. And maybe only.

But the OP was specific to Thailand so perhaps your response should be focused on Thailand, not attempt to diverge the issue to other countries.

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On 7/19/2019 at 8:07 PM, bwpage3 said:

Exports down 5%, tourism down, yet the baht remains strong as ever.

 

What a farce!

 

   Not  really , imports  are cheaper, Rolex watches , Mercs ,  even submarines ..

 

 

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