Thailand exports miss 5% increase target in 2012

Thai exports miss 5% increase target

Published: 23 Jan 2013 at 15.57
Online news:

Thailand's export value was US$229.52 billion in 2012, an increase of 3.12% from the previous year, Srirat Rastapana, director general of the Exports Promotion Department at the Ministry of Commerce, said on Wednesday.

The exports were short of the set target of 5% due to the impact of the global financial crisis and economic slowdown, she said.

The import value for last year was up 8.22% from 2011 to US$247.59 billion, posting a total trade deficit of US$18.07 billion, she added.

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drsmith
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Discussion 10 : 23 Jan 2013 at 19.5510
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Read carefully and understand! "posting a total trade deficit of US$18.07 billion" DEFICIT. How is the economy growing when you have this large a trade deficit, the national debt has risen to 50% GDP and corruption is at an all-time high? Yingluck should explain how the government continually tells the people the economy is growing when these numbers tell a different story that the economy is in trouble.
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borrocks
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Discussion 9 : 23 Jan 2013 at 19.229
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LOL these people never learn..Thailand IS NOT IMMUNE to World downturns
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bluebottle
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Discussion 8 : 23 Jan 2013 at 19.068
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rastas we are talking about last years figures the strength of the THB only started in 2013 so has no effect.The fact is unrealistic guestimates are disastrous to the confidence of exporters and manufacturing.
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yik
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Discussion 7 : 23 Jan 2013 at 18.357
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Apart from these figures ... I was 'fishing' around, but could not find decent infos, as to WHAT Thailand exports to WHERE. Anybody an help?
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dickemery
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Discussion 6 : 23 Jan 2013 at 18.166
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a far cry from the misleading figures of 15% stated by the commerce minister,a big white lie,yet this officals was promoted recently to dpm by the out of touch pm yingluck
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The Dark Side
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Discussion 5 : 23 Jan 2013 at 18.145
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2011 can not be be used as a value or benchmark for the last 3 months of the year because of the floods. Likewise the first 3 or 4 months of 2012. Why is it that these amateurs can not figure this out. It Is Basic! They should outsource their statistical information and get a true value. LOL
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bluebottle
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Discussion 4 : 23 Jan 2013 at 18.094
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Well short of the 15% the PM said it would be earlier this year or have people forgotten.
Created by what,
The floods,
The price of rice,
and now the strength of the THB.
Global downturn,Let me remind you she said European problems would have very little effect on Thai exports.NOT MUCH.
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boons
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Discussion 3 : 23 Jan 2013 at 18.083
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D1: The high baht and just about every policy this administration has enacted. Rice pledging, stimulus, government spending, minimum wage increases, etc. They are doing their best to create runaway inflation and destroy the margins of export businesses. Unfortunately, Thailand is an 80% export economy. But who cares as long as you're getting the votes and holding in to power?
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bluebottle
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Discussion 2 : 23 Jan 2013 at 18.032
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A long way from 15% as predicted by the PM and still a long way from the revised figure of 7%.Stop guessing please admit it you have not got a clue.With the strength of the THB its going to get worse.
THe rice price,Poetry, will not help either.
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rastas
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Discussion 1 : 23 Jan 2013 at 16.381
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Maybe the inflated high value of the Baht is having an effect on Exports?
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Thailand exports miss 5% increase target in 2012 | Bangkok Post: business

Thai exports miss 5% increase target

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