Imports to Thailand slumped 7.63 percent from a year earlier to USD 19.4 billion in March 2019, compared to market forecasts of a 2.95 percent fall and following a 10.03 percent plunge in the previous month. This was the second straight month of decline in inbound shipments. Many of the materials Thailand imports are assembled into completed goods and shipped out again. Considering the first quarter of the year, imports dropped 1.2 percent year-on-year to USD 59.98 billion. Imports in Thailand averaged 10621.01 USD Million from 1991 until 2019, reaching an all time high of 24937.81 USD Million in March of 2012 and a record low of 2760 USD Million in February of 1992.
Imports in Thailand is expected to be 19700.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Thailand to stand at 19500.00 in 12 months time. In the long-term, the Thailand Imports is projected to trend around 21310.00 USD Million in 2020, according to our econometric models.