Exports from Thailand slumped 22.5 percent year-on-year to the smallest since April 2016 of USD 16.28 billion, in May 2020, compared with market expectations of a 6.4 percent fall and after a 2.12 percent gain in April. This was the steepest yearly decline in overseas sales in over ten years, due to the severe impact of the coronavirus pandemic, with shipments falling for cars and computers. In contrast, gold shipments jumped 735%. Thais are heavily invested in gold and will sell whenever prices go up, with the metal then exported. A ministry official said that outbound shipments this year may not drop much further, but could take a long time to recover. Considering the first five months of the year, exports fell 3.71 percent.

Exports in Thailand averaged 11021.96 USD Million from 1991 until 2020, 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. This page provides - Thailand Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Exports - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Ministry of Commerce, Thailand

Exports in Thailand is expected to be 15700.00 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 22000.00 in 12 months time. In the long-term, the Thailand Exports is projected to trend around 23400.00 USD Million in 2021 and 25400.00 USD Million in 2022, according to our econometric models.

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Thailand Exports

Actual Previous Highest Lowest Dates Unit Frequency
16278.39 18948.22 22827.25 1997.00 1991 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-23 07:00 AM Feb -4.47% 3.35% -7.4%
2020-04-21 04:00 AM Mar 4.17% -4.47%
2020-05-22 03:00 AM Apr 2.12% 4.17% -4.6%
2020-06-24 03:30 AM May -22.5% 2.12% -6.4%


News Stream
Thailand Exports Drop the Most in Over A Decade
Exports from Thailand slumped 22.5 percent year-on-year to the smallest since April 2016 of USD 16.28 billion, in May 2020, compared with market expectations of a 6.4 percent fall and after a 2.12 percent gain in April. This was the steepest yearly decline in overseas sales in over ten years, due to the severe impact of the coronavirus pandemic, with shipments falling for cars and computers. In contrast, gold shipments jumped 735%. Thais are heavily invested in gold and will sell whenever prices go up, with the metal then exported. A ministry official said that outbound shipments this year may not drop much further, but could take a long time to recover. Considering the first five months of the year, exports fell 3.71 percent.
2020-06-24
Thailand Exports Grows Unexpectedly
Exports from Thailand rose unexpectedly by 2.12 percent year-on-year to USD 18.95 billion in April 2020, following a 4.17 percent gain in the previous month and beating market expectations of a 4.6 percent fall. The latest reading reflected an improvement in global demand as more countries lifted coronavirus-led lockdown restrictions, with higher shipments being recorded for agricultural products, food, and gold. For this year, the commerce ministry expects outbound shipments to grow between 0 to 2% for this year, with improvement being seen later in the second half of the year.
2020-05-22
Thailand Exports Grow 4.17% YoY
Exports from Thailand expanded 4.17 percent year-on-year to USD 22.40 billion in March 2020, reversing from a 4.47 percent decline in the previous month. This was the steepest growth in overseas sales in eight months, mainly led by electronics and gold, as more countries considered to ease lockdown restrictions due to the coronavirus pandemic. Regarding the first quarter of 2020, sales edged up 0.9 percent from the same period a year earlier. For this year, the commerce ministry expects outbound shipments to grow between 0 to 2% for this year, with improvement being seen later in the second half of the year.
2020-04-21
Thailand Exports Drop less than Estimated
Exports from Thailand declined by 4.47 percent year-on-year to USD 20.64 billion in February 2020, compared with market consensus of a 7.4 percent and after a 3.35 percent rise in a month earlier. Despite a global virus outbreak, the commerce ministry expects exports to grow between 0 to 2% for this year, with improvement being seen later in the second half of the year.
2020-03-23

Thailand Exports
Thailand is an export oriented economy with exports accounting for around 65 percent of the GDP. The country mainly exports manufactured goods (86 percent of total shipments) with electronics (14 percent, vehicles (13 percent), machinery and equipment (7.5 percent) and foodstuffs (7.5 percent) being the most important. Agricultural goods, mainly rice and rubber, account for 8 percent of total shipments. Major export partners are China (12 percent), Japan (10 percent), the United States (10 percent) and the European Union (9.5 percent). Others include: Malaysia, Australia and Singapore.

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category