Imports to Thailand shrank 7.3 percent year-on-year to a four-month low of USD 23.19 billion in April 2023, compared to market forecasts of a 4.95 percent fall, and after a 7.1 percent drop a month earlier. It was the second straight month of decline in imports, as domestic demand deteriorated amid the weakening baht against the US dollar. For the first four months of the year, the country's imports dropped by 2.2 percent compared to the same period a year earlier to USD 96.52 billion. In 2022, purchases jumped by 13.6 percent. source: Ministry of Commerce, Thailand

Imports YoY in Thailand averaged 8.72 percent from 1994 until 2023, reaching an all time high of 71.50 percent in February of 2010 and a record low of -44.90 percent in January of 1998. This page includes a chart with historical data for Thailand Imports YoY. Thailand Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

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Thailand Imports YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-04-26 04:30 AM Mar -7.1% 1.1% -4.7%
2023-05-30 07:00 AM Apr -7.3% -7.1% -4.95%
2023-06-23 05:30 AM May -7.3%

Thailand Imports YoY
Thailand imports mainly raw materials and intermediate goods (around 56 percent of total imports). Fuel accounts for 19 percent, parts of electronic appliances for 11 percent, materials of base metal for 9 percent, and chemicals for 5.5 percent. Machinery, equipment and supplies such as computers and mechanical represent 25 percent of total imports, and consumer goods account for 8 percent. Main import partners are Japan (20 percent of total imports), China (15 percent) and the European Union (8 percent). Others include the United Arab Emirates, Malaysia and the United States.
Actual Previous Highest Lowest Dates Unit Frequency
-7.30 -7.10 71.50 -44.90 1994 - 2023 percent Monthly
NSA

News Stream
Thailand Imports Fall More than Estimated
Imports to Thailand shrank 7.3 percent year-on-year to a four-month low of USD 23.19 billion in April 2023, compared to market forecasts of a 4.95 percent fall, and after a 7.1 percent drop a month earlier. It was the second straight month of decline in imports, as domestic demand deteriorated amid the weakening baht against the US dollar. For the first four months of the year, the country's imports dropped by 2.2 percent compared to the same period a year earlier to USD 96.52 billion. In 2022, purchases jumped by 13.6 percent.
2023-05-30
Thailand Imports Drop More than Estimated
Imports to Thailand fell 7.1 percent year-on-year to USD 24.94 billion in March 2023, above market forecasts of a 4.7 percent drop and reversing a 1.1 percent rise a month earlier. It was the first decline in imports since January, as domestic demand deteriorated amid the weakening baht against the US dollar. For the first quarter of the year, the country's imports edged down by 0.5 percent compared to the same period a year earlier. In 2022, purchases surged by 13.6 percent.
2023-04-26
Thailand Imports Rise Less Estimated
Imports to Thailand climbed by 1.1 percent year-on-year to USD 23.49 billion in February 2023, below market forecasts of a 2.1 percent growth, after a 5.5 percent rise a month earlier. It was the second straight month of increase in imports, amid signs of improved domestic demand as the economy fully recovered from pandemic disruptions. Considering the first two months of the year, the country's imports slumped 34.33 percent from a year earlier to USD 48.39 billion. In 2022, purchases surged by 13.6 percent.
2023-03-30


United Nations Comtrade Database
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