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Thailand Industry – Worst Monthly Export Fall Since 2011

June exports from the Thai economy had the biggest fall in the last 3 and a half years. In June exports were down by 7.87% year on year to USD 18.2 billion. Somkiat Triratpan, director of the ministry’s Office of Trade Policy and Strategy, identified the fall largely to the slow global economic recovery and low crude oil prices.

Shipments of major industrial goods fell by 7.7% due mainly to lower exports of automobiles and auto parts, finished oil, chemicals, plastic pellets and gold. Alongside this agro-industrial goods dropped by 4.1%, mainly for rice, fresh and frozen seafood and sugar.

A common view is that a weaker baht should help exports in the second half of this year. Nopporn Thepsithar, chairman of the Thai National Shippers’ Council, said his agency was set to revise down its export forecast again after last month’s prediction of a contraction of 2%.

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Source: Bangkok Post 28th July 2015

Nora has been in the Corporate Communications arena for a number of years. Nora's role is to communicate all newsworthy items that are of a PR nature.

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