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Exports improve as Thai exporters adapt to the situation

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Exports improve as Thai exporters adapt to the situation

By The Nation

 

800_1cb5b7f4df5ebde.jpeg?v=1571664720

Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office

 

In September, Thailand’s exports contracted 1.4 per cent year on year to US$20.481 billion (Bt319.88 billion), while imports contracted 4.2 per cent year on year to $19.206 billion, resulting in a trade surplus of $1.275 billion.

 

Exports during the first nine months of this year dropped 2.11 per cent year on year to $186.572 billion, while imports fell 3.7 per cent to $179.191 billion, resulting in $7.381 billion of trade surplus, Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said. 

 

Key reasons for the negative export are the US-China and US-EU trade wars, UK’s Brexit and appreciation of the baht. 

 

However, the export situation appears to have improved as the exporters were able to adapt to the situation, along with the government’s launch of measures to help expand markets and seek new trading partners.

 

She added that in the last quarter, exports could hit zero per cent or as low as minus-1 per cent if the average export value exceeds $20.8 billion a month. She said she is confident that next year, Thai exports will rise between 1 and 2 per cent. 

 

To achieve this rate of expansion, the country’s export value will have to be between $21 billion and $25 billion, the exchange rate at Bt30.5 to Bt31.5 against the dollar and oil priced at between $60 and $70 per barrel.

 

Source: https://www.nationthailand.com/news/30377622

 

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-- © Copyright The Nation Thailand 2019-10-22

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4 hours ago, webfact said:

She said she is confident that next year, Thai exports will rise between 1 and 2 per cent.

I would say 'would you like to put money on that' , but I fear I could be arrested !

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5 hours ago, webfact said:

Exports improve as Thai exporters adapt to the situation

By The Nation

 

800_1cb5b7f4df5ebde.jpeg?v=1571664720

Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office

I beleive the story just on account of her "kind face". 

 

She looks trustworthy, and she is obviously "big" and important. 

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11 hours ago, webfact said:

resulting in a trade surplus of $1.275 billion.

But whether this trade surplus is advantageous as implied is questionable.

Thailand has been a recipient of net inflow foreign direct investments, especially with the Prayut regime's EEC project. This is an example that there is no direct economic relationship between a trade surplus or deficit on a nation's economy. https://www.investors.com/politics/commentary/are-countries-with-trade-surpluses-economically-stronger/

What is more important is a nation's internal economic policies that motivates private investment, manufacturing and consumption. How well is that happening?

  • Thailand’s Consumer Confidence Drops to a 33 Month Low (September 2019). https://www.chiangraitimes.com/economy-business/thailands-consumer-confidence-drops-to-a-33-month-low/
  • Thailand’s second quarter growth rate lowest in 19 quarters (August 2019). https://www.thaipbsworld.com/thailands-second-quarter-growth-rate-lowest-in-19-quarters/

 

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New business of exporting falang 555

one report exports in the red, next things improving .

reality is it quietly getting in quite a mess and uncle buck banana throwing money away like a teenager at his first strip club 555 .

  • Haha 1

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