While today is the third anniversary of the military coup, let’s celebrate with (at last !) a real Green Shoots.
The Commerce Ministry has published the first figures for exports in august : -18,3 % compared to august 2008, for a total value of 13,28 billions USD.
That’s an improvement compared to july (12,9 billions USD) and june (12,33). To put things into perspective : the Thai Peak Exports happened in july 2008 with a total value of 17,37 billions USD.
However, imports are still deep into the hole : -32,8 % at 11,20 billions USD.
The Bank of Thailand will release the details on september 30. I will update the various charts.