Post by account_disabled on Jan 3, 2024 5:47:44 GMT 2
Commerce" reveals exports in June Decreased 2.15%, negative for the 4th consecutive month due to the impact of the trade war. Driving electronic exports Major industrial products have all collapsed. It's still good to have gold that has grown more than 300% to support it, causing exports to decline at a slower pace. It is expected that exports in the 3rd quarter will be negative, but will probably have reached their lowest point. As for the 4th quarter, it will be better, revealing that if we can still export 21 billion dollars per month. The United States has grown 1-2% for the whole year, while the target is 3%. Nothing is impossible . Ms. Pimchanok Wonkorphon, Director of the Office of Trade Policy and Strategy (TNOC), revealed that the international trade of Thailand in June 2019 Exports were valued at 21,409.3 million US dollars, a decrease of 2.15%, but a decrease at a slower rate from May 2019. That decreased by as much as 6.20%, which was a negative expansion for the 4th month in a row from March when it decreased by 5.34%, April decreased by 2.76%, and when calculated in baht, it was valued at 676,838.4 million baht. decreased by 2.93%. As for imports, the value was 18,197.1 million baht, a decrease of 9.44%.
When calculated in baht, the value was 583,093.8 million baht, a decrease Job Function Email Database of 10.17%, with a trade surplus of 3,212.2 million baht or 93,744.6 million baht, but when deducting the value of exports of gold and Products related to oil exports Export value in June 2019 will be as negative as 8% because the value of gold exports is very high. Expanded as high as 317.4%. Exports during the 6 months of 2019 (Jan.-June) were valued at 122,970.6 million US dollars, a decrease of 2.91%. When calculated in baht, the value was 3.881 trillion baht. decreased by 2.73%. Imports were worth 119,027.4 million baht, a decrease of 2.41%. When calculated in baht, the value was 3.812 trillion baht, a decrease of 2.10%, with a trade surplus of 3,943.2 million baht or 69,067.8 million baht. For the reason that exports reduce Because it was affected by the trade war between the United States. and China, which are beginning to have a clearer effect Especially for the second batch of products, the United States increased import tariffs from China to 25%, worth 200 billion US dollars. Most of which are electronic products and parts. Thai products are in China's production chain. causing Thai exports to China to decrease Including exports also decreased in automobile products. Equipment and components, computers and components, electrical circuit boards, machinery and components, refined oils, etc. However, there is still a positive factor that some agricultural products can be exported better.
Products from small and medium enterprises (SMEs) have increased in exports. Although this cannot compensate for the decrease in the value of exports in the main industrial groups. But it is considered good for farmers. and SMEs entrepreneurs because more money is falling into the country. Including new rising star products that have increased in exports such as cosmetics, soap and skin care products, beverages, big bikes Most of these products will be exported to China and ASEAN. As for the export market, it was found that almost all growth was negative, with China having the highest negative rate of 14.9%, the United States decreasing 2.1%, Japan decreasing 1.9%, the European Union (15 countries) decreasing 7.7%. ASEAN (9 countries) reduced by 5.9%, Middle East reduced by 10%, except India. That increased to 8.1% and Switzerland increased 519.6%. Ms. Pimchanok said that in the third quarter, it is expected that the export value will still be negative. Because it is still affected by the trade war. and in June 2019 As imports decreased by 9.4%, most of them decreased in capital goods at 11.3% and raw materials and semi-finished products at 5.2%. This will have an impact on production for export in the next period. But it is hoped that the impact has probably reached its lowest point and it is expected that if the United States will increase import tariffs on the last batch of Chinese goods soon, another 300 billion US dollars will be raised.
When calculated in baht, the value was 583,093.8 million baht, a decrease Job Function Email Database of 10.17%, with a trade surplus of 3,212.2 million baht or 93,744.6 million baht, but when deducting the value of exports of gold and Products related to oil exports Export value in June 2019 will be as negative as 8% because the value of gold exports is very high. Expanded as high as 317.4%. Exports during the 6 months of 2019 (Jan.-June) were valued at 122,970.6 million US dollars, a decrease of 2.91%. When calculated in baht, the value was 3.881 trillion baht. decreased by 2.73%. Imports were worth 119,027.4 million baht, a decrease of 2.41%. When calculated in baht, the value was 3.812 trillion baht, a decrease of 2.10%, with a trade surplus of 3,943.2 million baht or 69,067.8 million baht. For the reason that exports reduce Because it was affected by the trade war between the United States. and China, which are beginning to have a clearer effect Especially for the second batch of products, the United States increased import tariffs from China to 25%, worth 200 billion US dollars. Most of which are electronic products and parts. Thai products are in China's production chain. causing Thai exports to China to decrease Including exports also decreased in automobile products. Equipment and components, computers and components, electrical circuit boards, machinery and components, refined oils, etc. However, there is still a positive factor that some agricultural products can be exported better.
Products from small and medium enterprises (SMEs) have increased in exports. Although this cannot compensate for the decrease in the value of exports in the main industrial groups. But it is considered good for farmers. and SMEs entrepreneurs because more money is falling into the country. Including new rising star products that have increased in exports such as cosmetics, soap and skin care products, beverages, big bikes Most of these products will be exported to China and ASEAN. As for the export market, it was found that almost all growth was negative, with China having the highest negative rate of 14.9%, the United States decreasing 2.1%, Japan decreasing 1.9%, the European Union (15 countries) decreasing 7.7%. ASEAN (9 countries) reduced by 5.9%, Middle East reduced by 10%, except India. That increased to 8.1% and Switzerland increased 519.6%. Ms. Pimchanok said that in the third quarter, it is expected that the export value will still be negative. Because it is still affected by the trade war. and in June 2019 As imports decreased by 9.4%, most of them decreased in capital goods at 11.3% and raw materials and semi-finished products at 5.2%. This will have an impact on production for export in the next period. But it is hoped that the impact has probably reached its lowest point and it is expected that if the United States will increase import tariffs on the last batch of Chinese goods soon, another 300 billion US dollars will be raised.