23 Nov 2020
Trading
Despite indications that the global economy would continue to recover in October 2020, Thai export figures for the month plunged by 6.71 percent YoY to USD 19.37 billion. Regardless, upon exclusion of products related to oil, gold and munitions, exports fell by 4.89 percent YoY, only a slight contra... Read more
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2 Nov 2020
It is now apparent that Thailand will continue to lose its tariff privileges in penetrating the US market. In 2020, Thailand’s GSP tariff privileges have been revoked twice, totaling approximately USD 2.2 billion, or 45 percent of export value for products that benefit from GSP (Total Thai exports c... Read more
22 Oct 2020
Thai exports in September 2020 stood at USD 19.6213 billion, or a contraction of 3.9 percent YoY, amid a rise in global demand compared to the previous month. Thai exports over the first nine months shrank 7.3 percent YoY, with the lone bright spot being export growth in electronic products and elec... Read more
24 Sep 2020
Thailand’s outward trade contracted 7.9 percent YoY in August 2020. As a result, 8M20 exports shrank 7.8 percent YoY. Excluding oil, gold and arms exports, Thai shipments, however, contracted 14.1 percent YoY in August 2020, accelerating over the 13.0 percent YoY shrinkage reported for July 2020. Au... Read more
22 Sep 2020
Thailand is facing hurdles in transporting goods across the border to Myanmar again after a recent announcement by Myanmar to tighten its cross-border controls as part of its COVID-19 prevention and control measures. Such controls include a requirement for truck drivers from Thailand via Chiang Rai’... Read more
24 Aug 2020
Thailand’s outward trade was USD18,819 million, shrinking 11.4 percent YoY in July 2020. Excluding oil, gold and arms shipments, Thai exports, however, contracted 13.0 percent YoY. Gold exports reverted to growth of 37.2 percent YoY in July in line with global gold prices, while industrial product a... Read more
24 Jun 2020
The value of Thailand’s outward trade stood at USD16,278 million, shrinking 22.5 percent YoY in May 2020 due primarily to lockdown measures abroad. As a result, Thai exports contracted 3.7 percent YoY during 5M20.... Read more
22 May 2020
The value of Thai exports for April 2020 stood at USD 18,948.2 million, with continuous expansion for the second consecutive month at a rate of 2.12 percent YoY – contrary to analysts’ earlier projection of a 4.6 percent contraction. The fact that many of Thailand’s trade partners have enforced lock... Read more
24 Apr 2020
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
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