Thai exports in March fell 23.1 percent from a year earlier to $11.56 billion, according to Commerce Ministry data on Tuesday. Imports dropped 35.1 percent in March from a year earlier to $9.46 billion following a 40.3 percent fall to $8.16 billion in February. (Forbes)
Like forecasted in february (-25 %), the thai exports in march plunged by 23,04 %, compared to march 2008.
It was impossible to use again the anomaly of february (gold exports to Switzerland and Hong Kong).
I was expecting actually a lower total. In any case, wait for the details that will be published on april 30 by the Bank Of Thailand. Then we will be able to find out if there is any anomaly.
The fall of import is still very impressive. It gives little hope for an improvement of exports (a lot of exports use imported raw materials, parts etc.) ….