ID :
61554
Wed, 05/20/2009 - 20:27
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http://m.oananews.org//node/61554
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Thai exports drop 26% in April
BANGKOK, May 20 (TNA) - Thai exports in April fell 26.1 per cent year-on-year, Permanent Secretary for Commerce Siripol Yodmuangcharoen announced on Wednesday.
Total Thai exports were valued at US$10.4 billion, he said. The sharp drop follows March’s 23.1 per cent decline.
Thailand exported goods valued at $44.216 billion during the first four months of 2009 while it imports totalled $36.566 billion, enabling the country to enjoy a trade surplus of $7.65 billion, Mr. Siripol said.
Exports and imports during the period both declined, 21.9 per cent for exports and 37.3 per cent for imports in terms of value compared to the corresponding period of 2008, he said.
Mr. Siripol said exports fell due to declining purchasing power in the world market.
Key importers of Thai goods reduced their purchases between January-April this year, a trend which had continued since late 2008.
Exports to new markets dropped 19.5 per cent, Europe 35.1 per cent, ASEAN 33.4 per cent, Japan 29.8 per cent and the United States 28.7 per cent.
The Commerce Ministry has maintained that Thailand’s exports would contract by two digit figures during calendar 2009.
Director-General Rachane Potjanasuntorn of the Ministry’s Export Promotion Department, said as the economies of several countries--including China, India and Australia--have shown signs of recovery, the Commerce Ministry will discuss with the Finance Ministry on ways to boost exports by providing incentives to exporters by lowering interest rates on loans and tax.
Measures on the planned offering incentives are expected to be concluded within the next two weeks and then propose to the Cabinet for its consideration, Mr. Rachane said. (TNA)
Total Thai exports were valued at US$10.4 billion, he said. The sharp drop follows March’s 23.1 per cent decline.
Thailand exported goods valued at $44.216 billion during the first four months of 2009 while it imports totalled $36.566 billion, enabling the country to enjoy a trade surplus of $7.65 billion, Mr. Siripol said.
Exports and imports during the period both declined, 21.9 per cent for exports and 37.3 per cent for imports in terms of value compared to the corresponding period of 2008, he said.
Mr. Siripol said exports fell due to declining purchasing power in the world market.
Key importers of Thai goods reduced their purchases between January-April this year, a trend which had continued since late 2008.
Exports to new markets dropped 19.5 per cent, Europe 35.1 per cent, ASEAN 33.4 per cent, Japan 29.8 per cent and the United States 28.7 per cent.
The Commerce Ministry has maintained that Thailand’s exports would contract by two digit figures during calendar 2009.
Director-General Rachane Potjanasuntorn of the Ministry’s Export Promotion Department, said as the economies of several countries--including China, India and Australia--have shown signs of recovery, the Commerce Ministry will discuss with the Finance Ministry on ways to boost exports by providing incentives to exporters by lowering interest rates on loans and tax.
Measures on the planned offering incentives are expected to be concluded within the next two weeks and then propose to the Cabinet for its consideration, Mr. Rachane said. (TNA)
