Exports from Thailand increased by 7.8% from a year earlier to USD 24.9 billion in September of 2022, easily beating market consensus of a 4.2% rise, following a 7.5% gain a month earlier,helped by increased shipments of food and industrial goods. This was the 19th straight month of expansion, amid a further recovery in global demand as more countries recovered from COVID disruptions. Considering the first nine months of the year, exports grew 10.6 % year-on-year, already exceeding the government’s full-year target of 4-5% growth. source: Ministry of Commerce, Thailand

Exports YoY in Thailand averaged 8.35 percent from 1994 until 2022, reaching an all time high of 45.50 percent in June of 2010 and a record low of -26.60 percent in May of 2009. This page includes a chart with historical data for Thailand Exports YoY. Thailand Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

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Thailand Exports YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-09-26 04:00 AM Aug 7.5% 4.3% 7.7%
2022-10-26 06:30 AM Sep 7.8% 7.5% 4.2%
2022-11-28 04:30 AM Oct 7.8% 6%

Thailand Exports YoY
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.
Actual Previous Highest Lowest Dates Unit Frequency
7.80 7.50 45.50 -26.60 1994 - 2022 percent Monthly
NSA

News Stream
Thailand Export Growth Tops Estimates
Exports from Thailand increased by 7.8% from a year earlier to USD 24.9 billion in September of 2022, easily beating market consensus of a 4.2% rise, following a 7.5% gain a month earlier,helped by increased shipments of food and industrial goods. This was the 19th straight month of expansion, amid a further recovery in global demand as more countries recovered from COVID disruptions. Considering the first nine months of the year, exports grew 10.6 % year-on-year, already exceeding the government’s full-year target of 4-5% growth.
2022-10-26
Thailand Export Growth Below Estimates
Exports from Thailand grew by 7.5% from a year earlier to USD 23.6 billion in August of 2022, below market consensus of a 7.7% rise, following a 4.3% gain a month earlier, as global demand for food products rose, while oil-related shipment fell and exports to China plunged. In August, exports increased for agro-industrial products (4.6%), but decline for oil-related goods (-11.4%). Among key trading partners, shipments to the US surged 16.3% from a year earlier and those to Southeast Asia soared 19.1% In contrast, shipments to China slumped 20.1% yoy. Considering the first eight months of the year, exports grew by 11.0% yoy, already exceeding the ministry’s full-year target of 4-5% growth. Global demand for food is expected to increase later this year and food prices to remain high, but global risks, including high inflation and China's slowdown, may put downward pressure on the world economy, Commerce Minister Jurin Laksanawisit said, as Reuters reported.
2022-09-26
Thailand Exports Rise the Least in 1-1/2 Years
Exports from Thailand increased by 4.3% from a year earlier to USD 23.6 billion in July of 2022, slowing sharply from a 11.9% surge a month earlier, and far below market consensus of 11.15%. The latest result was the 17th straight month of growth in shipments, but the weakest pace since January 2021, as global economic growth slowed and supply chain disruptions increasingly affected shipments of industrial goods. Considering the first seven months of the year, exports grew by 11.5% yoy, already exceeding the ministry’s full-year target of 4-5% growth, Commerce Minister Jurin Laksanawisit said, as Reuters reported. Exports should beat the target for the year, helped by higher global demand for food, relaxed pandemic curbs globally, lower freight rates, and a weak baht, In July, exports increased for agro-industrial products (14.6%), industrial goods (0.1%). Exports grew to the US (4.7%) and the Southeast Asia (22.6%), while plunged to China (-20.6%).
2022-08-26


United Nations Comtrade Database
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