Exports are still weak w/ no signs of improvement

Here are the facts:

Exports tumbled for a fifth straight month in May
The Commerce Ministry yesterday said shipments fell by 5% year-on-year to US$18.4 billion last month.
In the first five months, exports reached $88.7 billion, down 4.2% from the year-earlier period.
May exports of agricultural goods fell by 2.8% year-on-year to $2.97 billion, in line with the downward trend in global farm prices, particularly for rubber, whose shipments fell by 14.4% to $370 million.
Sugar shipments fell by 22.8% to $250 million on the month, while shrimp exports slid 16.9% to $111 million.
May industrial exports plunged 4.5% to $14.3 billion due mainly to automotive and parts shipments, which fell by 6.8% to $2.46 billion. Oil and related products showed weakness as well.
The decline in automobile and parts shipments was driven mainly by pickup exports, which fell by 19.3% to $4.32 billion.

Going forward:

Agri prices are still weak, and the drought doesn’t help matters
Automotives are the only driver that Thailand has but the Eco Car program has yet to have the impact expected
Electronics aren’t going to help with a lack of new FDI in this sector
The only positive is that Imports have decreased more rapidly

ThaiCapitalist