22 Oct 2018
Thai Economy
Thai export growth in September 2018 recorded the first drop in 19 months due partly to a sharp decline in gold exports as a result of a high base effect last year and volatility of the gold market. After an exclusion of gold export value, which contracted 78.7 percent YoY, Thai exports shrank slightly 0.8 percent YoY. Exacerbating the situation was the impact from severe weather with typhoons hitting some countries, the prolonged US-China trade dispute that will have a long-term impact on various Thai export items, especially those under the Chinese supply chains, and the Chinese economic slowdown. At any rate, weaker Thai outbound trade in September is in alignment with the deceleration of shipments from other countries in the region. ... Read more
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6 Jul 2018
Looking ahead, close attention must be paid to the ongoing trade war. If it persists beyond 2018, our real economic sector could be undermined over the next 2-4 years. Moreover, due to the cyclical upturn in interest rates, concerns may shift toward internal stability, in particular when Thailand is plagued by hefty commercial and household debt, which may lead to systematic risk in the future. ... Read more
22 May 2018
Thailand’s global trade value in April 2018 dropped into negative territory, with a trade deficit of USD1.283 billion – the highest in 43 months. This was due to an import expansion of 20.4 percent YoY, partly caused by surging oil prices in world markets and accelerated imports of products for export-oriented manufacturing over the past couple of months. Meanwhile, our exports grew 12.3 percent YoY, on account of continual improvements in our trade partners’ economies, and global oil prices that have reached almost USD80/barrel, thus boosting the value of petroleum-related exports, accordingly.... Read more
21 May 2018
The Thai economy in 1Q18 rose to a record 5-year high at 4.8 percent YoY, driven by booming export and tourism sectors. At the same time, housing spending began to show positive signs, picking up momentum from the previous quarter. Additionally, agricultural production has dramatically increased, becoming a major driver for GDP growth in 1Q18. ... Read more
24 Apr 2018
Thailand’s merchandise exports reached USD22.363 billion for March 2018, representing a fresh record high. As a result, our 1Q18 shipments hit a 7-year high of 11.3 percent YoY. Despite a high 2017 base, the value of March exports was driven by steady economic growth seen in our trade partners, favorable performance in oil-related shipments, thanks to rising global crude oil prices and accelerated electronics imports by China and the US before the US enforces import tariffs on Chinese-made products.... Read more
21 Sep 2017
► - Thai exports were valued at USD21.224 billion for August, growing 13.2 percent YoY versus a market expectation of 4.9 percent gr... Read more
21 Aug 2017
The Thai economy performed better than expected in 1H17. The 2Q17 GDP surged 3.7 percent, outshining initial market expectations (consensus... Read more
23 Jun 2017
Thai exports for May saw satisfactory growth for the third consecutive month, buoyed by price effects. The total export value was USD19.94 billion,... Read more
23 May 2017
Thailand continued to report high export growth in April due to a low 2016 base and rising product prices. The export value for April rose 8.5 perce... Read more
15 May 2017
High growth in agricultural and export sectors, as well as household consumption, helped bolster Thailand's 1Q17 GDP to achieve good 3.3 percent gr... Read more
31 May 2016
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Amid uncertainties due to a looming trade war over the past 2-3 months, Thai exports in May 2018 grew for a 15th straight month by 11.4 percent YoY, reaching or USD22.257 billion and driving Thailand’s outbound shipments in the first five months (Jan-May) of 2018 to increase by 11.6 percent YoY. The export rise in May is attributed to an ongoing recovery of the global economy, a sharp increase in global crude oil prices in May and higher rice and tapioca-product prices, when compared to the levels registered in the same period last year. ... Read more