snoop1130 Posted November 20, 2019 Share Posted November 20, 2019 Thai October exports seen down 3.7% year on year - Reuters poll FILE PHOTO: A view of the Port of Bangkok, Thailand, March 25, 2016. Picture taken March 25, 2016. REUTERS/Athit Perawongmetha BANGKOK (Reuters) - Thailand's customs-cleared exports in October likely declined 3.7% from last year, a Reuters poll showed on Wednesday, after dropping 1.39% in the prior month. Imports in October are expected to have contracted 6.6% from a year ago, according to the median forecast of 13 analysts in the poll, compared with a 4.24% drop in September. According to the poll, Thailand likely recorded a trade surplus of $0.40 billion in October, compared with a surplus of $1.28 billion in September. On Monday, the state planning agency predicted exports would contract 2% this year, rather than decline 1.2% it had projected earlier. -- © Copyright Reuters 2019-11-20 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
No1 Posted November 20, 2019 Share Posted November 20, 2019 Most likely it did not drop enough to make the central bank reconsider their policy and to devaluate the THB Link to comment Share on other sites More sharing options...
Scot123 Posted November 20, 2019 Share Posted November 20, 2019 But, but, but Thailand has vast sums of us $ sorry the bank does. It is crazy what is going on. Every indicator is crashing and lies being told and so many believing them. So much being hidden only the unhidable showing. Their must be so much dirty money being laundied into Thailand it is scary. But but we got a top rating in a magazine....... Wow. Link to comment Share on other sites More sharing options...
legend49 Posted November 21, 2019 Share Posted November 21, 2019 13 hours ago, No1 said: Most likely it did not drop enough to make the central bank reconsider their policy and to devaluate the THB 2020 recession is now in progress. Link to comment Share on other sites More sharing options...
30la Posted November 21, 2019 Share Posted November 21, 2019 This is the week of negativity, but I think that these numbers do not reflect reality! They are correct so as not to make the situation seem too negative! Jugglers of numbers start telling the truth! Link to comment Share on other sites More sharing options...
Jimbo2014 Posted November 21, 2019 Share Posted November 21, 2019 Wow those are some big chinks appearing in the armour along with car sales and record debt. Department finance commented the other day how spiffy everything was.... doesnt seem to match the data!???????????? Link to comment Share on other sites More sharing options...
uli65 Posted November 21, 2019 Share Posted November 21, 2019 I am glad to see more and more bad news about the thai economy! Link to comment Share on other sites More sharing options...
RichardColeman Posted November 21, 2019 Share Posted November 21, 2019 19 hours ago, snoop1130 said: Imports in October are expected to have contracted 6.6% from a year ago, according to the median forecast of 13 analysts in the poll, compared with a 4.24% drop in September. So, they are averaging a 5.5% drop year on year - and to be honest, I seriously doubt that the reported figure has not been doctored Link to comment Share on other sites More sharing options...
Srikcir Posted November 21, 2019 Share Posted November 21, 2019 21 hours ago, snoop1130 said: the state planning agency predicted exports would contract 2% this year, rather than decline 1.2% it had projected earlier. Missed the projection made "earlier" by about 70%. Abolish this agency. Link to comment Share on other sites More sharing options...
Yadon Toploy Posted November 21, 2019 Share Posted November 21, 2019 Nothing to see here. Quick, parade more arrested overstayers. Link to comment Share on other sites More sharing options...
Yadon Toploy Posted November 21, 2019 Share Posted November 21, 2019 20 hours ago, No1 said: Most likely it did not drop enough to make the central bank reconsider their policy and to devaluate the THB New tanks, subs and holidays in Europe take precedence. Link to comment Share on other sites More sharing options...
stigar Posted November 21, 2019 Share Posted November 21, 2019 Fanilly the truth Link to comment Share on other sites More sharing options...
Isaan sailor Posted November 21, 2019 Share Posted November 21, 2019 What did they expect? They parade around ChiCom dignitaries, and crow about military and bilateral trade deals with very entity that wants to colonize them. Meanwhile the Baht hovers around six year highs vs western currencies. Link to comment Share on other sites More sharing options...
Sydebolle Posted November 22, 2019 Share Posted November 22, 2019 Fake news again, the Thai economy never did better than this year! Link to comment Share on other sites More sharing options...
Cadbury Posted November 22, 2019 Share Posted November 22, 2019 On 11/20/2019 at 5:25 PM, snoop1130 said: Thai October exports seen down 3.7% year on year Probably down even much further than that. Export numbers are greatly influenced by gold "exports". Funny thing is there are no gold mines in Thailand; not since PM Prayut dispossessed Kingsgate of their mine using Article 44 while showing disrespect for the Australia/Thailand FTA. Gold is traded in and out as a notional commodity and doe not reflect production output/value, unless converted to jewellery. They use any trick in the book to embellish the figures to get the numbers up. It was recently exposed where Thailand included in their export figures the value of all the US military equipment and weapons systems when it was returned to base in America after the Cobra Gold operation. Just can't help themselves from cheating when the opportunity presents itself. https://www.bangkokbank.com/th-TH/International-Banking/-/media/7F2A2504199F4C4DBE1CA94A0936BC05.ashx Link to comment Share on other sites More sharing options...
HeyHeyHey Posted November 22, 2019 Share Posted November 22, 2019 2 hours ago, Cadbury said: Probably down even much further than that. Export numbers are greatly influenced by gold "exports". Funny thing is there are no gold mines in Thailand; not since PM Prayut dispossessed Kingsgate of their mine using Article 44 while showing disrespect for the Australia/Thailand FTA. Gold is traded in and out as a notional commodity and doe not reflect production output/value, unless converted to jewellery. They use any trick in the book to embellish the figures to get the numbers up. It was recently exposed where Thailand included in their export figures the value of all the US military equipment and weapons systems when it was returned to base in America after the Cobra Gold operation. Just can't help themselves from cheating when the opportunity presents itself. https://www.bangkokbank.com/th-TH/International-Banking/-/media/7F2A2504199F4C4DBE1CA94A0936BC05.ashx Yes they started to use the "gold trick" few months ago But this month I noticed another one - exports were hit by lower oil prices, which led shipments of finished oil to lower by 35.4% and related products by 25.8% in October. But it makes no sense - first, the oil prices are pretty much on the same level all 2019. Second, Thailand doesn't produce crude oil so even if prices go down their expenses to buy the crude oil to process it would be lower as well. Another newspaper has today article exports were down 4.5% and if you take away the tricks with gold and oil it would be probably a shocking number. Link to comment Share on other sites More sharing options...
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