Thailand Exports

Exports in Thailand increased to 18363.38 USD Million in February of 2014 from 17907.46 USD Million in January of 2014. Exports in Thailand is reported by the Ministry of Commerce, Thailand. Exports in Thailand averaged 8816.92 USD Million from 1991 until 2014, reaching an all time high of 21227.12 USD Million in August of 2011 and a record low of 1997 USD Million in February of 1991. 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. This page provides - Thailand Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
18363.38 17907.46 21227.12 1997.00 19623.26 | 2014/03 1991 - 2014 USD Million Monthly

TO

Thailand Exports
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Current Account to GDP -0.40 2012-12-31 1.20 12.70 -8.30 -2.46 2013-12-31 Percent [+]
External Debt 139891.68 2013-12-31 139136.57 141041.51 58984.85 141684.96 2014-03-31 USD Million [+]
Terms of Trade 100.90 2014-02-15 101.20 112.02 96.39 101.06 2014-03-31 Index Points [+]
Tourist Arrivals 2174350.00 2014-02-15 2319820.00 2598020.00 399600.00 2307131.91 2014-03-31 [+]
Current Account 5065.27 2014-02-15 263.00 5065.27 -4152.03 2193.58 2014-03-31 USD Million [+]
Exports 18363.38 2014-02-15 17907.46 21227.12 1997.00 19623.26 2014-03-31 USD Million [+]
Imports 16596.40 2014-02-15 20428.08 24937.81 2760.00 18236.54 2014-03-31 USD Million [+]
Balance of Trade 1766.98 2014-02-15 -2520.62 3535.90 -5906.41 436.97 2014-03-31 USD Million [+]
[+]


Exports | Notes
Exports measure the amount of goods or services that domestic producers provide to foreign consumers by. It is a good that is sent to another country for sale. In the past, export of commercial quantities of goods normally required involvement of the customs authorities in both the country of export and the country of import. More recently, with the advent of small trades over the internet such as through Amazon and e-Bay, exports have largely bypassed the involvement of Customs in many countries due to the low individual values of these trades. Nonetheless, these small exports are still subject to legal restrictions applied by the country of export.


RELATED NEWS

Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
Bank of Thailand Cuts Rate to 2%  
At its March 12th 2014 meeting, the Bank of Thailand decided to cut the benchmark interest rate by 25 bps to 2 percent, as months of political unrest keep hurting the economy. The policy rate stands now at its lowest level since late 2010.
Thai Economy Expands 0.6% QoQ in Q4  
In the fourth quarter of 2013, the Thai economy advanced 0.6 percent over the previous quarter, far below the 2.7 percent growth rate recorded in the previous three-month period, confirming the impact of the protests on the economy.
Thai GDP Growth Slows Sharply in Q4  
In the fourth quarter of 2013, the Thai GDP grew a meager 0.6 percent over a year earlier, down from 2.7 percent in the preceding quarter, as political unrest hurt demand, tourism and investment.
Bank of Thailand Leaves Monetary Policy Unchanged  
Bank of Thailand decided on January 22nd to leave the benchmark interest rate unchanged at 2.25 percent. Although the central bank considers monetary policy stance is already quite accommodative enough, it cut GDP growth forecasts for 2013.
Bank of Thailand Cuts Rate by 25 bps  
Bank of Thailand decided on November 27th to cut the benchmark interest rate for the second time this year to 2.25 percent, as the current political situation threatens investor confidence and the delay in government spending poses downside risks to growth.
Thai GDP Expands 1.3% QoQ in Q3  
In the third quarter of 2013, Thailand’s GDP recorded the first expansion in three quarters and advanced 1.3 percent over the previous three-month period, as a surge in the manufacturing sector was enough to offset a drop in agriculture and construction.
Thai GDP Growth Slows to 2.7% YoY in Q3  
In the third quarter of 2013, the Thai economy expanded 2.7 percent over a year earlier, down from a 2.9 percent growth in the previous quarter. It is the slowest expansion in six quarters, mainly due to a drop in household consumption and investment.
Thai Monetary Policy Unchanged in October  
The Monetary Policy Committee of the Bank of Thailand decided on October 16th to leave the policy rate unchanged at 2.5 percent, citing uncertain global economic recovery and the delay in fiscal disbursement for infrastructure projects as key downside risks to the economy.
Bank of Thailand Keeps Policy Rate Steady at 2.5%  
The Monetary Policy Committee of the Bank of Thailand decided on August 21st to leave the policy rate unchanged at 2.5 percent, as inflation remains subdued, while risks to financial stability and uncertainties regarding global financial conditions warrant continued monitoring.
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Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
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US New Home Sales Fall Sharply in March  
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US Markit Manufacturing PMI Steady in April  
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Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
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Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
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