Thailand exports are continuing to decline, some say this is a function of the declining growth of countries receiving the goods or that the value of the goods being exported are continuing to decline.

To us its a combination of both

1. Average selling price of soft commodities are some 50% lower from their peaks (think rice/rubber)
2. Electronics has been on a continuing decline since the end of 2011, why? Since the floods multiple firms just took the insurance $ and shut shop, and don’t forget Thailand did used to be the largest manufacturer of Hard Disk Drives – which aren’t really common place anymore.
3. Can it recover? Sure regional trade should pick up as long as Big Brother China continues to grow and the US continues to surprise investors to the upside then why not. But will we see a new magic formula/industry to drive growth? Nope. 

Source: Bangkok Post