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.