Exports from Thailand declined by 4.88 percent year-on-year to USD 21.44 billion in March 2019, worse than market consensus of a 3 percent fall and after a surprising 5.91 percent growth in the previous month. There were falls in sales of electronics, oil and related products, and computers and accessories, amid ongoing the Sino-US trade dispute. For 2019, the government expects overseas sales to grow by 8 percent, while the central bank estimates a 3.8 percent increase. Exports in Thailand averaged 10658.94 USD Million from 1991 until 2019, 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 20990.00 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 22600.00 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.