(Source Bank Of Thailand, table EC_XT_002)
Time to update the charts with data for february.
First, exports and imports, total amounts in billions THB.
You already know that the “better than worse” results in february (-11 % versus -25 % in january, y-o-y) were caused by a grotesque explosion of… sales of gold. To Switzerland. 😉
Let’s have a look now per area.
I’ve grouped “Others” = Australia, India, New Zealand, Nigeria, Russia, South Africa, Switzerland + the real “Others ” (only 25 % of the total amount of my group “Others”…).
We see the clear push in february. In the details, Switzerland went from 2,52 billions THB in february 2008… to 31,2 billions in february 2009 !!! 😉
Now, my little botte secrete : the chart with the % of change from the “Thai Peak Exports”.
It was in july 2008… The highest amount ever… 575 billions THB. The golden age. One month before the chinese olympic circus… It was before Lehman’s collapse and all the other (tiny) things that hurt… It was… like one century ago. 😉
A peak that we aren’t going to see again, anytime soon.
Again, we can spot the aberration of the group “Others”.
Exports to Asean are still divided by 2, compared to july. And another worrying sign : exports to Japan continue to decline.
[I remind you the official calendar : the total amount of exports for march, will be published around april 20… Or later, because of Songkran. Then the BOT will publish the details on april 30. Stay tuned.]