Imports to Thailand fell 0.72 percent from a year earlier to USD 20.01 billion in April 2019, after a 7.63 percent slump in the previous month and compared with market forecasts of a 4.6 percent decline. This was the third straight month of decline in inbound shipments, mostly due to lower purchases of crude oil; iron & steel; and parts and accessories of vehicles. Many of the materials Thailand imports are assembled into completed goods and shipped out again. Considering January to April of the year, purchases shrank 1.08 percent year-on-year. Imports in Thailand averaged 10648.64 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 19700.00 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 19500.00 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.