Exports from Thailand declined by 4 percent from a year earlier to USD 21.91 billion in August 2019, after a 4.28 percent gain in the previous month and compared with market forecasts of a 2 percent fall. Exports dropped mainly due to lower sales of industrial products (-1.9 percent); agricultural (-7.7 percent) and mineral and fuels (-38.7 percent). Sales to China went down by 2.7 percent and to Japan fell by 1.2 percent, while those to the US were up 5.9 percent. Considering the January to August period, exports declined 2.19 percent from a year earlier. The commerce ministry predicts exports to grow by 3 percent this year, while the state planning agency sees exports falling 1.2 percent. Exports in Thailand averaged 10808 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 20400.00 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.

Thailand Exports
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-06-21 03:00 AM Exports YoY May -5.79% -2.57% -3.6%
2019-07-22 03:30 AM Exports YoY Jun -2.15% -5.79% -5%
2019-08-21 03:00 AM Exports YoY Jul 4.28% -2.15% -2.3% -3.2%
2019-09-20 03:00 AM Exports YoY Aug -4% 4.28% -2%
2019-11-21 04:00 AM Exports YoY Oct
2019-12-21 04:00 AM Exports YoY Nov


Thailand Trade Last Previous Highest Lowest Unit
Balance of Trade 2052.57 110.00 4974.14 -5916.16 USD Million [+]
Current Account 3990.00 1770.00 7161.51 -4086.17 USD Million [+]
Current Account to GDP 7.50 11.00 12.70 -8.30 percent [+]
Imports 19862.36 21094.62 24937.81 2760.00 USD Million [+]
Exports 21914.93 21204.98 22827.25 1997.00 USD Million [+]
External Debt 166790.88 163402.95 166790.88 58984.85 USD Million [+]
Terms of Trade 108.44 108.06 115.39 96.39 Index Points [+]
Tourist Arrivals 3466456.00 3327198.00 3845811.00 404563.00 [+]
Gold Reserves 153.96 154.00 154.00 72.59 Tonnes [+]
Remittances 10267.00 11138.00 13376.00 2316.00 THB Billion [+]
Terrorism Index 6.25 6.61 7.28 4.10 [+]
Crude Oil Production 227.00 235.00 273.00 46.00 BBL/D/1K [+]
Foreign Direct Investment 32855.92 40311.95 125800.99 -95430.07 THB Million [+]


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

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. This page provides - Thailand Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Thailand Exports - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
21914.93 21204.98 22827.25 1997.00 1991 - 2019 USD Million Monthly
Current Prices, NSA




Related

Latest