24 Apr 2020
Trading
Thai exports to the US contracted 2.7 percent YoY in 1Q20. Excluding products related to arms and tanks for military drills, which caused our export base to become volatile, our shipments to the US grew 15.8 percent YoY. The increase was supported by the US-China trade war, which helped bolster our ... Read more
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21 Apr 2020
The value of Thailand’s outward trade reverted to growth for the first time in five quarters of 0.9 percent YoY in 1Q20, boosted by favorable gold and electronics shipments. However, oil-related exports were dampened by plummeting crude oil prices. ... Read more
10 Apr 2020
Plummeting oil prices and measures aimed at combating the coronavirus (COVID-19) pandemic in some of Thailand’s neighboring countries caused our border-trade and cross-border exports to contract 8.6 percent YoY during 2M20. The spread of the COVID-10 respiratory disease in all member ASEAN states a... Read more
23 Mar 2020
Thai Exports in February 2020 remained a hodgepodge of temporary factors, being supported by consistent growth in gold exports but inhibited by a high base effect as a result of munitions rexports and crude oil prices in the preceding year. Meanwhile, the COVID-19 outbreak continued to affect Thai e... Read more
6 Feb 2020
The World Health Organization, January 30, 2020, declared that the novel coronavirus (2019 n-CoV) outbreak is a public health emergency of international concern as the virus has spread internationally. In China, the 2019 n-CoV epidemic, which originated in Wuhan, Hubei province, has also spread to o... Read more
22 Jan 2020
The total value of Thai exports came in at USD246,244.5 million, shrinking 2.65 percent YoY in 2019 while the total import value reached USD236,639.9 million, contracting 4.66 percent YoY. As a result, Thailand enjoyed a trade surplus for the fifth consecutive year of USD9,604.6 million.... Read more
23 Dec 2019
Thai exports in November 2019 totaled USD19.657 billion, dropping below USD20 billion for the first time in seven months and plunging for four consecutive months by 7.4 percent YoY, which marks the worst contraction in 43 months. Consequently, Thai exports in the first 11 months (Jan-Nov) of 2019 sh... Read more
25 Nov 2019
The value of Thai exports reached USD20,757.78 million in October 2019, shrinking 4.54 percent YoY. As a result, 10M19 shipments contracted at a faster pace than that seen during 9M19 of 2.35 percent YoY. The shrinkage in October exports was due to a number of factors, including persistent sluggishn... Read more
15 Nov 2019
The latest development at the Thailand-Myanmar border this year is very interesting with the opening of the second Thai-Myanmar Friendship Bridge at the Mae Sot checkpoint in Tak on October 31, 2019. The new bridge was built to ease traffic congestion at the first friendship bridge. Moreover, the au... Read more
30 Oct 2019
The US, October 25, 2019, announced the suspension of trade preferences for Thailand under the Generalized System of Preference (GSP), covering 573 items and costing approximately USD1.3 billion, effective over the next six months or April 25, 2020. Items that will no longer be eligible for GSP bene... Read more
21 Oct 2019
Thai exports in September fell from the previous month, lower than the consensus of the analysts. The lackluster performance is in line with exports of other countries in the region which were affected by the worse-than-expected global economy and the prolonged trade war between the US and China. Ou... Read more
20 Sep 2019
The slowing global economy, persistent trade war and strong Baht caused Thailand’s outward trade to shrink 2.2 percent p.a. during 8M19. The value of August exports reverted to a contraction of 4.0 percent p.a. However, our industrial exports overall to the US continued to grow, including computers,... Read more
21 Aug 2019
Surging gold exports for the second consecutive month helped Thai shipments overall to resume growth for the first time in five months in July 2019. The value of July shipments came in at USD21,205 million, increasing 4.28 percent YoY, driven partly by skyrocketing gold exports for the second conse... Read more
14 Aug 2019
Hong Kong’s protests have escalated to the shutdown of Hong Kong international airport, shaking the reputation of one of the Asian financial hubs. Air transportation for passenger and cargo is disrupted. KResearch views that since the volume of Thailand’s outbound shipments to Hong Kong is small; H... Read more
22 Jul 2019
Skyrocketing gold exports supported Thai shipments to shrink at a slower pace in June 2019. Thailand’s June outward trade reached USD21,409.3 million, representing a contraction for the fourth consecutive month at 2.15 percent YoY. The shrinkage, however, was slower than those reported during the pr... Read more
21 Jun 2019
The trade war between the US and China has had repercussions across the globe and slowed down the international trade. In the first two months of 2Q19, Thai exports continued to contract, with the outbound shipments in May 2019 totaling USD21.018 billion, a drop of 5.79 percent YoY. Hence, Thai expo... Read more
30 May 2019
The US Department of Treasury issued the report on macroeconomic and foreign exchange policies of the US’ major trade partners on May 28, 2019, which is about a month behind the original schedule. The report does not specifically label any country as a currency manipulator in order to bolster advant... Read more
24 May 2019
Thai exports to major markets are under pressure from the escalating trade war, which is likely to linger through the end of the year. Moreover, Thai exports may lose market share in the European Union (EU) to neighboring ASEAN countries in the near future, if the EU can conclude bilateral trade dea... Read more
22 May 2019
Slowing global economy pressures Thai exports in April 2019 to contract for a second consecutive month. The outbound shipment of Thai goods in April 2019 totaled USD18,555.6 million, declining 2.57 percent YoY. Consequently, Thai exports in the first four months of 2019 dropped 1.86 percent YoY, a ... Read more
22 Apr 2019
The value of Thai merchandise exports reached USD21.44 billion, shrinking 4.9 percent YoY in March 2019. Given this, Thailand’s outward trade overall contracted 1.6 percent YoY during 1Q19, as expected by KResearch. The major factors attributing to the contraction in March shipments, in particular t... Read more
22 Feb 2019
The slowing global economy, impacts of the US tariff hikes on Chinese imports, a cyclical downturn in electronic products, low global crude oil prices and the high base of 2018 all pressured Thai exports to shrink for the third consecutive month at 5.65 percent YoY in January 2019. Shipments of othe... Read more
12 Feb 2019
Thai exports in 2018 rose 6.7 percent YoY, driven mainly by commodity prices. Nonetheless, Thai export growth was significantly lower than those of our neighboring countries. Traditionally, intermediate goods accounted for a majority of the entire Thai export structure, showing that connectivity wit... Read more