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Sunday, June 2, 2013

Thailand's has unexpected reversal in export growth

BANGKOK, May 31 – The Commerce Ministry has announced an unexpected u-turn on Thailand’s export growth in April from an earlier report at 10.52 per cent to a 2.89 per cent year-on-year.

Vatchari Vimooktayon, permanent secretary for commerce, said the correct volume of Thailand’s exports in April was US$17.409 billion, or a 2.89 per cent increase from April 2012.

In baht terms, April’s exports were Bt506.210 billion, or 1.89 per cent lower than the same period last year, she said.

In a press conference on May 23, Ms Vatcharee reported Thailand’s export volume in April at US$18.698 billion, or a percentage growth of 10.52 year-on-year.

She also reported on that day the country’s exports to Hong Kong reached US$2.177 billion, or a surge by 176.6 per cent compared to April 2012.

Ms Vatchai said a review with the Customs Department found an error in the export figure to Hong Kong, which when corrected was only US$887 million, and not US$2.177 billion as earlier announced.

“After all the figures were consolidates, we found that the country’s exports in April increased by only 2.89 per cent,” she admitted. (MCOT online news)

-- TNA 2013-05-31

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