Chart, exports in july: per zone

Source Bank Of Thailand (table EC_XT_002).


Do we have -at last- some Green Shoots to season our salad ? Yes. Will It last ? My bet : no.

Exports reached 437,85 billions THB versus 421 billions in june. But that’s still a drop of 23,9 % compared to… july 2008 (the Peak Exports).

Let’s see the figures, compared to Peak Exports.


We are still 35 to 20 % off.

Reminder to my new readers : why do I speak about “Peak Exports” ? Because we won’t see again those values anytime soon.

And now the amounts, per zone.


I know… I don’t behave very well… China is supposed to save the world. And Thailand. By importing raw materials etc. Because as we are all supposed to know… China is booming right ? I mean : this is what CNN and Beijing are telling us !

Check the pictures and the video of this article (from the Great Blogger Mish Shedlock). Then you’ll understand the meaning of the words “wind”, “sand” and “gambling”…

It will definitely give a bad taste to your Green Shoots Salad… šŸ˜‰

(Speaking about Uggly Shoots, don’t miss tomorrow… a striking chart about the foreign currency reserves of Thailand. The BOT has ignited the boosters… A spectacular and insane increase… Or how to commit suicide with a stupid smile on the face, and proud of it. Hopeless).

5 Responses to “Chart, exports in july: per zone”

  1. 1 James 2 September 2009 at 11:13 am

    I have a feeling Beijing is thinking twice about playing by the capitalist rules. Mish gives some great responses to ponder upon. We can’t have a multi-polar world of mostly behomth consumer nations, and maintain economic equilibrium. There just aren’t enough resources, and those who had, and have their taken, will not be happy. The U.S. defeated its last great depression by engaging in a global war, whats gonna work this time? It’s apparent the global stimulus isn’t working. We can’t all have the cake and eat it.

  2. 2 ThaiCrisis 2 September 2009 at 1:07 pm

    Actually, we could say that the current and global “mindset” is to have the cake, the money of the cake, plus… the smile (the ass) of the bakery girl.

    From the top to the bottom of society, many people actually believe in this fantasy : “free” subsidies, bailout etc… The New Moloch has become the Free Lunch Principle.

    But enough to study laws of physics : it can’t work that way…

  3. 3 Pricilla 2 September 2009 at 5:44 pm

    There are some Crash Course videos on this site: that are interesting. Particularly about how the US government has been fudging the true inflation and unemployment rates, if calculated as it used to be (ie the truth) the figures are frightening. Not sure if also Thailand uses the same BS hedonics to disguise how bad things really are.

    China is interesting, also I believe covering up the reality, however they are acting from a surplus not insane nation destroying deficits.

  4. 4 ray 3 September 2009 at 6:30 pm

    thia crisis

    as for china being a big sucker they are moving out of the collar in a huge way buying commodities ( oil, iron ore,copper etc). china has also stopped buying usa treasuries for 30 years and are buying short term 2 yrs. right now the federal reserve is buying all the treasuries to keep the yields down. is a train wreck in slow motion!!

  5. 5 ThaiCrisis 3 September 2009 at 9:25 pm

    Ray : yes you’re right, but watch out, we can’t say for sure that there is a real an profound shift from the chinese with 1 or 2 months of data. It’s too early.

    Furthermore, if China has indeed stopped to buy… they still have a mountain of US Treasuries, and other assets in USD.

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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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