Post by account_disabled on Jan 1, 2024 0:13:53 GMT -5
August exports returned negative 4% despite making a value of 21,914.9 million US dollars. Highest in the year Causes affected by the trade war problems in the middle east Europe's purchasing power is shrinking. Oil prices are falling, affecting oil-related products. and the baht strengthens causing agricultural exports to plummet It is estimated that during the remaining period the exports will average 21 billion USD per month. The entire year grew at a modest 0% rate. To reach the 3% target, exports must exceed 23.6 billion dollars per month. There are still many negative pressure factors. Ms. Pimchanok Wonkorphon, Director of the Office of Trade Policy and Strategy (TNOC), revealed that Thai exports in August 2019 were worth 21,914.9 million dollars. The United States fell 4%, returning to decline again. After the previous month it had just expanded positively. and even though exports are decreasing But the value is considered to be the highest export in the year.
Imports were valued at 19,862.4 million USD, down 14.62%, with a trade Email Data surplus of 2,052.6 million USD. Reasons for the decrease in exports This comes from the impact of the trade war that has caused the global economy and the economies of trading partners to slow down. Problems in the Middle East that affect confidence Some European countries have seen a decrease in demand for goods. Low crude oil prices Currently the price is $50 per barrel. The same period last year was at 70 USD per barrel. As a result, oil exports decreased. and oil-related products continued to contract at a high level. and the baht strengthens Putting pressure on agricultural product exports And there is still a surplus of agricultural products in the world market. This causes demand to decrease . If looking only at exports of agricultural products and agricultural industry, it decreased by 4.4%, with products that decreased such as rice, a decrease of 44.7%, cassava products, a decrease of 25.3%, rubber, a decrease of 7.2%, fresh frozen and processed shrimp, a decrease of 10.8%. Beverages decreased by 8.9%, but fresh, chilled, frozen, canned and processed vegetables and fruits increased by 26.8%, sugar increased by 15.3%, fresh, frozen and processed chicken increased by 5.6%, industrial products decreased by 1.9%. Products that decreased such as products related to both oil and Oils, chemicals, plastic products are reduced by 27.7%, automobiles, equipment and components are reduced by 12.6%, computers, equipment and components are reduced by 10.5%, cosmetics, soaps and skin care products are reduced by 9.5%, but gems and accessories increase by 51.1%, gold by 377.5%, motorcycles and components by 9.2%, radio receivers.
Televisions and components decreased by 0.9%. Export markets, main markets, decreased by 0.1%, with the United States increasing by 5.8%, Japan decreasing by 1.2%, the European Union (15 countries) decreasing by 6.2%, high potential markets decreasing by 16% due to exports to 5 ASEAN countries decreasing by 24.6%. South Asia decreased by 20%, while China decreased not much, only 2.7%, but exports to secondary potential markets increased by 0.2%, such as Australia. and the Middle East increased by 18.4% and 5.3%, while Africa, CIS countries, and Latin America decreased by 22.8%, 10.5%, and 8.2% for exports during the 8 months of 2019 (Jan.-Aug.) Valued at 166,090.6 million USD, down 2.19%. Imports were valued at 159,984.4 million USD, down 3.61%. Trade surplus was 6,106.1 million USD. Miss Pimchanok said that Export trends for the rest of this year (Sept.-Dec.) If it is to be able to meet the target set by the Ministry of Commerce at 3%, monthly exports must reach 23.6 billion USD per month. But if exports are still able to reach the level of 21 billion USD per month. The whole year will expand positively at 0% or more. And if during the rest of this year Can push some products to expand further It will increase positive exports. Currently, Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce It is accelerating the expansion of the rice market in Iraq. and expand the markets of Jordan, Qatar, Bahrain, Kuwait, push to increase exports in ASEAN and CLMV, expand the Chinese market, which will focus on provinces and secondary cities that are not yet accessible.
Imports were valued at 19,862.4 million USD, down 14.62%, with a trade Email Data surplus of 2,052.6 million USD. Reasons for the decrease in exports This comes from the impact of the trade war that has caused the global economy and the economies of trading partners to slow down. Problems in the Middle East that affect confidence Some European countries have seen a decrease in demand for goods. Low crude oil prices Currently the price is $50 per barrel. The same period last year was at 70 USD per barrel. As a result, oil exports decreased. and oil-related products continued to contract at a high level. and the baht strengthens Putting pressure on agricultural product exports And there is still a surplus of agricultural products in the world market. This causes demand to decrease . If looking only at exports of agricultural products and agricultural industry, it decreased by 4.4%, with products that decreased such as rice, a decrease of 44.7%, cassava products, a decrease of 25.3%, rubber, a decrease of 7.2%, fresh frozen and processed shrimp, a decrease of 10.8%. Beverages decreased by 8.9%, but fresh, chilled, frozen, canned and processed vegetables and fruits increased by 26.8%, sugar increased by 15.3%, fresh, frozen and processed chicken increased by 5.6%, industrial products decreased by 1.9%. Products that decreased such as products related to both oil and Oils, chemicals, plastic products are reduced by 27.7%, automobiles, equipment and components are reduced by 12.6%, computers, equipment and components are reduced by 10.5%, cosmetics, soaps and skin care products are reduced by 9.5%, but gems and accessories increase by 51.1%, gold by 377.5%, motorcycles and components by 9.2%, radio receivers.
Televisions and components decreased by 0.9%. Export markets, main markets, decreased by 0.1%, with the United States increasing by 5.8%, Japan decreasing by 1.2%, the European Union (15 countries) decreasing by 6.2%, high potential markets decreasing by 16% due to exports to 5 ASEAN countries decreasing by 24.6%. South Asia decreased by 20%, while China decreased not much, only 2.7%, but exports to secondary potential markets increased by 0.2%, such as Australia. and the Middle East increased by 18.4% and 5.3%, while Africa, CIS countries, and Latin America decreased by 22.8%, 10.5%, and 8.2% for exports during the 8 months of 2019 (Jan.-Aug.) Valued at 166,090.6 million USD, down 2.19%. Imports were valued at 159,984.4 million USD, down 3.61%. Trade surplus was 6,106.1 million USD. Miss Pimchanok said that Export trends for the rest of this year (Sept.-Dec.) If it is to be able to meet the target set by the Ministry of Commerce at 3%, monthly exports must reach 23.6 billion USD per month. But if exports are still able to reach the level of 21 billion USD per month. The whole year will expand positively at 0% or more. And if during the rest of this year Can push some products to expand further It will increase positive exports. Currently, Mr. Jurin Laksanawisit, Deputy Prime Minister and Minister of Commerce It is accelerating the expansion of the rice market in Iraq. and expand the markets of Jordan, Qatar, Bahrain, Kuwait, push to increase exports in ASEAN and CLMV, expand the Chinese market, which will focus on provinces and secondary cities that are not yet accessible.