Imports to Thailand tumbled 9.44 percent from a year earlier to USD 18.20 billion in June 2019, worse than market forecasts of a 2.96 percent decline and far steeper than a 0.64 percent decrease in the preceding month. This was the fifth straight month of yearly decrease in inbound shipments. Many of the materials Thailand imports are assembled into completed goods and shipped out again. Considering January to June 2019, purchases were down 2.41 percent from a year earlier. Imports in Thailand averaged 10697.40 USD Million from 1991 until 2019, reaching an all time high of 24937.81 USD Million in March of 2012 and a record low of 2760 USD Million in February of 1992.
Imports in Thailand is expected to be 20600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Thailand to stand at 20400.00 in 12 months time. In the long-term, the Thailand Imports is projected to trend around 22700.00 USD Million in 2020, according to our econometric models.