DEP: Exports to Japan unaffected by twin disasters

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BANGKOK, 23 May 2011  – The deadly earthquake and tsunami in Japan have no significant impact on Thai exports in general, according to the Department of Export Promotion (DEP) under the Ministry of Commerce. 

DEP Director-General Nuntawan Sakuntanaga stated that the twin disasters barely affect the Thai exports to Japan because the Thai export value to Japan for April still expanded by 39.5% year-on-year with the total value of 1.829 million US dollars.

The director-general added that the figure reduced slightly compared with the value in March 2011 of 2.086 million US dollars. She said the exports from January to April this year to Japan rose 32.3% year-on-year with the total value of 7.770 million US dollars.

Ms Nuntawan nonetheless admitted that the DEP still has not trusted the Japanese economy because the latest official economic announcement shows that the Japanese economy is shrinking.

The director-general stated that the DEP hence will monitor the economic situation and nuclear crisis as well as other risk factors such as the baht currency fluctuation, rising oil price and dwindling agricultural production in the latter half this year closely to prevent impact on Thai exports.