Chart, exports, december : strong growth from China

(source Bank Of Thailand)

They did it. The group China+HK+SK+Taiwan managed to order more from Thailand in december, compared to the “Thai Peak Exports” that is to say july 2008 : +3 % at 109,88 billions THB.

China alone went from 55,1 billions to 61,8 billions THB.

Here is the chart.

In december, thai exports reached a total of 482,16 billions THB, versus 459 billions in november, and 404,31 in december 2008.

That’s a +19,2 % growth, year on year.

The percentage is impressive, but it’s the base effect. December 2008 was the “hell hole” of the crisis.

As we can see on the following chart, we are still 10 % off from the Thai Peak Exports (july 2008). But the gap is closing quickly.

Now the view per areas/groups.

The picture is very clear : Thailand is pulled by… Asia : Asean and China…

e could even say : China alone, because part of the demand for thai good originating from Asean is directly linked to trade with China (raw materials are processed, then reprocessed, etc.).

Sustainable ? We’ll see.

1 Response to “Chart, exports, december : strong growth from China”

  1. 1 Pricilla 7 February 2010 at 6:20 pm

    Sustainable, we shall see. Political and alliance implications, we shall also see in time. Thais have a long history of being best friends with whomever is seen as powerful, economically or militarily at the the time. Would expect to see a re-alliance here from US to China eventually particularly with the preponderance of Chinese owned businesses and Chinese blood politicians.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

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.

%d bloggers like this: