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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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Who to believe in conflicting reports land sure someone will be along tomorrow to claim a misunderstanding🤔

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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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Glad the read a truthful report. If only the common Thai earner could read or understand these reports and how they negatively affect their livelihoods and life styles. 

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