Exports from Thailand rose by 8.7 percent year-on-year to USD 21.76 billion in October 2018, recovering from a 5.2 percent drop in a month earlier and beating market expectations of a 4.5 percent gain. The rebound was mainly driven by higher sales of fuel, gold, petrochemicals and agricultural products. In contrast, outbound shipments fell for: cars and parts, computers and accessories and electronics. Sales to China went up 3 percent, after a 14 percent slump in the previous month. In addition, sales to the US advanced 7.2 percent, way stronger than a 1.2 percent growth in September. So far this year, outbound shipments grew 8.19 percent compared to the same period a year earlier. For 2018, the government expects exports to rise 8 percent, after a 9.9 percent increase in 2017. Exports in Thailand averaged 10510.15 USD Million from 1991 until 2018, reaching an all time high of 22794.45 USD Million in August of 2018 and a record low of 1997 USD Million in February of 1991.
Exports in Thailand is expected to be 18900.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Thailand to stand at 21400.00 in 12 months time. In the long-term, the Thailand Exports is projected to trend around 22000.00 USD Million in 2020, according to our econometric models.