Exports from Thailand declined by 5.79 percent year-on-year to USD 21.02 billion in May 2019, worse than market estimates of a 3.6 percent drop and faster than a 2.57 percent fall in the previous month. This marked the third straight month of yearly drop in overseas sales, amid weakening global demand and persistent trade dispute between Washington and Beijing. Sales contracted mainly for cars and parts, electronics and oil. Exports to China fell by 7.2 percent, while those to the US grew 7.8 percent. Considering the January to May period, exports contracted 2.7 percent compared to the same period the prior year. The government recently revised lower 2019 export growth outlook to 2.2 percent from an earlier projections of 4.1 percent. Exports in Thailand averaged 10712.47 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 23400.00 USD Million in 2020, according to our econometric models.

Thailand Exports
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-22 03:30 AM Exports YoY -5.65% -1.72% -1%
2019-03-21 04:00 AM Exports YoY 5.91% -5.65% -1%
2019-05-22 04:00 AM Exports YoY -2.57% -4.88% -2.5% -2%
2019-06-21 03:00 AM Exports YoY -5.79% -2.57% -3.6%
2019-08-22 04:00 AM Exports YoY
2019-09-21 03:45 AM Exports YoY
2019-11-21 03:30 AM Exports YoY


Thailand Trade Last Previous Highest Lowest Unit
Balance of Trade 181.53 -1457.21 4974.14 -5916.16 USD Million [+]
Current Account 1780.00 6080.00 7594.30 -3745.26 USD Million [+]
Current Account to GDP 7.50 11.00 12.70 -8.30 percent [+]
Imports 20928.36 20012.85 24937.81 2760.00 USD Million [+]
Exports 21017.92 18555.64 22794.45 1997.00 USD Million [+]
External Debt 161014.26 158129.39 161014.26 58984.85 USD Million [+]
Terms of Trade 108.05 108.53 115.39 96.39 Index Points [+]
Tourist Arrivals 2726808.00 3195006.00 3845811.00 404563.00 [+]
Gold Reserves 154.00 154.00 154.00 72.59 Tonnes [+]
Remittances 11417.00 11571.00 13376.00 2316.00 THB Billion [+]
Terrorism Index 6.25 6.61 7.28 4.10 [+]
Crude Oil Production 215.00 208.00 273.00 46.00 BBL/D/1K [+]
Foreign Direct Investment -59514.31 30605.03 125800.99 -95430.07 THB Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Thailand Exports

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. Thailand Exports - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
21017.92 18555.64 22794.45 1997.00 1991 - 2019 USD Million Monthly
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