Exports from Thailand declined 2.15 percent year-on-year to USD 21.41 billion in June 2019, less than market forecasts of a 5 percent drop and following a 5.79 percent fall in the previous month. That was the fourth straight month of yearly decrease in overseas sales, amid weakening global demand and ongoing trade tensions between Washington and Beijing. Exports to China slumped 14.9 percent, while those to the US fell 2.1 percent. Considering the January to June period, exports declined 2.91 percent from a year earlier. The government sees exports growing 3 percent this year, while the central bank has predicted no increase. Exports in Thailand averaged 10743.96 USD Million from 1991 until 2019, reaching an all time high of 22827.25 USD Million in August of 2018 and a record low of 1997 USD Million in February of 1991.
Exports in Thailand is expected to be 21400.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Thailand to stand at 21700.00 in 12 months time. In the long-term, the Thailand Exports is projected to trend around 23400.00 USD Million in 2020, according to our econometric models.