Connect with us


Island trade drops by nearly 60% since last year

Legacy Phuket Gazette



PHUKET: Three-quarters of the way into the government’s current fiscal year, the island’s export-import industry is dwindling, particularly when compared to last year’s benchmark trading year.

Phuket Customs House’ records through June 30 show that the value of exports in the 2013 government fiscal year (October 1, 2012 to September 30, 2013) so far, is just over 5 billion baht – having plummeted by 58% from this time last year, when over 12bn baht worth of exports were declared.

Likewise, the value of legal and properly taxed imports to the island during the same period also are down, by 59% to 682.2 million baht from 1.67bn baht this time last year.

With only three months to go before the 2013 fiscal books are concluded, the island’s trade surplus of exports over imports – currently 4.35bn baht – will not likely come close to matching last year’s full-year record surplus of 11.46bn baht (13.54bn baht exports over 2.08bn baht imports).

As usual, the island’s top export this year so far – by far – has been raw block rubber, with exports of the commodity currently valued at 2.9bn baht or 58.6% of all Phuket’s reported exports, representing a 66% decline, year-on-year (y-o-y) from 8.6bn baht.

The average export price of rubber (FOB via Bangkok) in July has dropped by about 18% y-o-y now to about 80 baht per kilogram.

Meanwhile, Phuket’s second biggest export is fiberboard made from old rubber trees (1.46bn baht or 29% of exports), down 28% y-o-y from 2.03bn baht.

Other significant exports include sports and leisure vessels (384mn baht or 7.63% of exports); live sea fish (78mn baht) and frozen sea fish (74.9mn baht).

Topping the island’s imports’ list, by combined gross value, is chilled sea fish, with imports valued at 253.5mn baht, down 45% y-o-y from 466mn baht.

This is followed by sports and leisure vessels worth 251.4mn baht, a drop of 43.2% y-o-y from 443mn baht.

The only import to show growth during the nine month period was frozen sea fish, with imports this year currently valued at 161mn baht, up 8% from 149mn baht, last year.

Other up-and-coming imports include processed lumber (8.6mn baht) and particle board (2.6mn baht).

Keep checking the Gazette’s business pages for the latest local and national business news updates affecting Phuket and Thailand. Alternatively, join our Facebook fan page or follow us on Twitter.

— Steven Layne


Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram


Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Coronavirus (Covid-19)3 mins ago

Covid UPDATE Sunday: 15,335 new infections, news briefs

Indonesia6 hours ago

Man with Covid-19 disguised as his wife to board flight

Hua Hin8 hours ago

Kitchen raiding elephant breaks same wall in house for more food

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Thailand9 hours ago

1st Taekwondo Olympic gold as Panipak wins for Thailand

Coronavirus (Covid-19)10 hours ago

AstraZeneca Thailand writes open letter to people of Thailand

Koh Samui14 hours ago

Surat Thani announces new Covid-19 measures for Samui Plus

Join the conversation on the Thaiger Talk forums today!
Thailand17 hours ago

His Majesty the King donates 2.8 billion baht in Covid-19 aid

Coronavirus (Covid-19)18 hours ago

Covid UPDATE Provinces: 14,260 new infections, 119 deaths

Coronavirus (Covid-19)18 hours ago

Vaccination registration open for foreign residents over 60 in Bangkok

Coronavirus (Covid-19)20 hours ago

Autopsy results for woman who died after mixing vaccines

Coronavirus (Covid-19)1 day ago

Covid UPDATE Saturday: 14,260 new infections, news briefs

Thailand1 day ago

Department head predicts Covid-19 could last up to another year

World1 day ago

Swedish prison hostage situation resolved with pizza

Thailand1 day ago

Minister: Foreigners, migrant workers are cared for amid Covid-19

Coronavirus (Covid-19)2 days ago

“Withhold Intubation” for certain older Thammasat Hospital patients

Thailand5 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism5 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket5 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism5 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand5 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism5 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand6 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand6 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand6 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand6 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand6 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand6 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand6 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand6 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand7 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8