Data for may have been published. Time to update our charts.
Source Bank Of Thailand (table EC_XT_002).
First, I remind you that exports crashed 26 ,6% in may, compared to may 2008… in USD. But, thanks to the magic of exchange rate, the fall is “only” -17 % in THB (-16 % in april).
Why I have 2 series ? Because the first amount published by the governemnt (around the 20th of each month) is in USD. And then, 10 days after, the Bank Of Thailand publishes all the datas.
Personally, I prefer to speak about exports in THB. Why ? Because this is actually the real money that goes into businesses pockets… It gives a better view of the situation on the ground.
Now the chart per country of destination (or zones).
And now the X chart, the % of change compared to “Peak Exports” (july 2008). It’s getting better, albeit Japan is still off by 30 % and Asean by 20%.
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