Exports in june ? minus 26 %… as usual


Thailand’s export value in June stood at US$12.3 billion, down 25.9 per cent year on year, according to the Commerce Ministry. The import value also dropped 29.3 per cent year on year to US$11.398 billion.

During the first six months of this year, Thailand’s export value declined 23.5 per cent year on year to US$68.2 billion, while the import value fell 35.4 per cent year on year to US$57.21 billion.

Last year Thailand’s export value grew 15.6 per cent to US$178 billion, while the import value rose 27.6 per cent to US$179 billion.

In June, the trade surplus was valued at US $937 million. (Nation)

Month after month… the dark trend is still there. No Green Shoots, whatsoever. No light. No recovery. No false enthusiasm… Just the harsh reality of a stubborn market that is not willing to follow the lies and the fantasies of our politicians.

Peak Exports for Thailand happened exactly one year ago… july 2008. Time goes fast, right ? ๐Ÿ˜‰

17,37 billions USD versus 12,33 billions USD in june 2009.

As usual, the Bank Of Thailand will publish the details at the end of the month. Stay tuned.

11 Responses to “Exports in june ? minus 26 %… as usual”

  1. 1 Marvo 21 July 2009 at 2:04 pm

    Interesting how statistics can be selectively chosen and used for whatever purpose…

    Fact: Exports in June declined 26% [yr-on-yr] OR, as the Bangkok post prefer to tell it:

    “Exports rise….”
    “Exports rose [month-on-month] for the second consecutive month in a row in June…”

    Is the latter just a case of “grasping at shoots”? ๐Ÿ˜‰

  2. 2 ThaiCrisis 21 July 2009 at 2:16 pm

    Personally, I prefer year on year measurements.

    Sure june was higher than may. Because of Green Shoots or because of seasonality ?

    June 2008 was ALSO higher than may 2008. ๐Ÿ˜‰

  3. 3 Marvo 21 July 2009 at 3:38 pm

    It just amuses me how the Media seems to love to feed the populus the angle with the positive spin on it these days. Who is pushing/paying? the media to attempt to hoodwink, not only Thailand but, the rest of the world too?

  4. 4 InPhuket 21 July 2009 at 4:54 pm

    Then there is this quote from some dingbat in the same article:

    “The figures give a very positive signal,” said Siripol Yodmuangcharoen, the permanent secretary at the Commerce Ministry. “We expect the exports would fare well in the second half of the year, as the world’s economy is recovering.”

    The question that I have is this; “Who made this idiot the PERMNANENT secretary?”

  5. 5 Pricilla 21 July 2009 at 6:54 pm


    I believe in the public service worldwide the cream sinks to the bottom whilst the sycophants who rigorously produce unneeded paper, and generate irrelevant reports justifying their existence as parasites on the productive part of the economy are promoted.

    Hence of course the public receiving imbecile updates about matters the writers neither understand or care about in their “for-life” positions. Fortunately for them most of the population doesn’t know what they are talking about either, but they appear authoritative and put the ignorant’s minds at ease.

    I hope that helps answer your question.

  6. 6 Lothar 21 July 2009 at 8:36 pm

    Well economy is 50% facts and 50% (maybe more) psychology and emotion.

    So talking it up is all they have because the numbers are not giving you the feeling that it is going up.

    And the poor Mrs Siripol is not worse then any other permanent secretary in Germany, England, USA and whereever the people see the green shoots.

    By the way: US reports that they are willing to pump 23,7 trillion dollar into the system (13,9 already paid) in just one year. Shouldn’t this be golden times for all of us. The question is why is the normal guy on main street not seeing any (or just very very little) results.

    It’s time for a bloody revolution – worldwide.

  7. 7 antipadshist 29 July 2009 at 1:13 am

    here is a good allegory which I think is quite applicable to what’s going on here in Thailand too (particularly with Abhisit & Korn, good Oxford boys, running the show):

    The Activity In the Market:
    Maggots Feeding Off The Corpse Of A Dead System!

    about half the trading on the stock exchanges these days comes from speculators betting on what the suckers will do, and the other half comes from a small group of insiders looting those speculators. Nothing real going on here, folks, except theft… The issue revolves around what is called high-frequency trading …

    maggots feeding off the corpse of their former system …
    the global monetary system has died, and can not be revived
    the system is still dead, and the entire world is on the verge of complete disintegrationโ€”not just financially, but economically (there is a difference!), politically, and culturally, with civilization itself falling into chaos…

    but of course Abhisit & Korn are singing pretty songs about “green shoots”. well, what else can be expected from them? ๐Ÿ˜‰
    they both know that’s actually is going on, because in fact they are part of that clique of maggots who feed of the corpse of the dead system.

    I like this comparison, and I think they fit very well into it – “maggots feeding off the dead system” indeed ! ๐Ÿ˜€

  8. 8 tombkk 29 July 2009 at 8:56 am

    Hi crisis, are you on holiday?

  9. 9 George P Tuckeer 31 July 2009 at 2:41 pm

    Hey, TC,

    Is everything OK with you? You haven’t updated your blog in a while.

    I hope you’re just taking a break and that you’re OK healthwise and otherwise.

    take care!

  10. 10 ThaiCrisis 1 August 2009 at 3:40 am

    Indeed… I took a few days off.

    I was too lazy to update the blog. But don’t worry : the thai beer didn’t curb my acute sense of observation.

  11. 11 George P Tuckeer 2 August 2009 at 8:39 am

    Glad you’re back and kicking.

    I missed you.

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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