webfact Posted September 23, 2020 Share Posted September 23, 2020 Thai August exports fall 7.94% year-on-year, smaller drop than forecast 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 exports in August declined by a smaller-than-expected 7.94% from a year earlier, led by lower shipments of cars, machinery and plastic pellets, the commerce ministry said on Wednesday. The drop compared with a forecast in a Reuters poll for a decline of 12.05% in exports, and against July's 11.37% fall. Excluding gold shipments, exports declined 14.26% year-on-year. In January-August, exports, a key driver of Thai growth, contracted 7.75% from a year earlier, while imports tumbled 15.31%. (Reporting by Orathai Sriring and Satawasin Staporncharnchai; Editing by Ed Davies) -- © Copyright Reuters 2020-09-23 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
ThailandRyan Posted September 23, 2020 Share Posted September 23, 2020 Can i get a hallelujah, can I get an Amen, Yes I guess that's a good thing, feels like the tide has turned and the world might be opening up for needed commerce. I will hold out on my hope for more good news and an upswing until once this years fall-out is over, and the totality of 3/4's of the year being nothing other than a write-off. Link to comment Share on other sites More sharing options...
Flying Saucage Posted September 23, 2020 Share Posted September 23, 2020 2 hours ago, webfact said: Thailand's exports in August declined by a smaller-than-expected 7.94% from a year earlier....the commerce ministry said on Wednesday. And who in this country of mere honesty still believes any official numbers here? 1 1 Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted September 23, 2020 Share Posted September 23, 2020 2 hours ago, webfact said: Excluding gold shipments, exports declined 14.26% year-on-year. You can only sell and export the family gold once. Future month might show true export values. 1 Link to comment Share on other sites More sharing options...
Scot123 Posted September 23, 2020 Share Posted September 23, 2020 So their own figures admit 14.26 drop so most likely a lot more and the fact that gold exports which is actually very worrying as the country has been getting emptied of precious metals and gems for over a year since China started trying to stop hot money leaving China. Not good but dont worry the Thai baht will keep soaring, oh maybe not now that the spotlight is starting to shine on the banks... Link to comment Share on other sites More sharing options...
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