Thailand GDP


Thailand: Export growth continues to ease

June 30, 2011

In May, exports expanded 17.3% over the same month last year to reach USD 19.3 billion, according to data from the Central Bank. The reading slowed from the 24.7% expansion observed in April but was virtually in line with market expectations of a 17.0% rise. The slower expansion mainly reflected weaker overseas sales to Japan, which expanded 30.4% year-on-year in May (April: +39.5% yoy). Meanwhile, imports accelerated from a 26.3% increase in April to rise 34.4% in May, which pushed imports up to USD 19.0 billion, driving the trade balance to a surplus of USD 274 million, which contrasted the trade deficit observed in the previous month (April: USD 477 million). Despite the monthly slowdown, export growth is likely to follow the positive trend, with the 3-month sum in exports rising to USD 57.6 billion in May from USD 56.7 billion in April. The Commerce Ministry has revised its growth estimates for this year and now expects exports will grow between 15% and 16%, up from its previous 12% projection. Moreover, the Central Bank expects overseas shipments to expand 20.4% this year before slowing to 12.4% in 2012.

Author:, Senior Economist

Sample Report

Looking for forecasts related to GDP in Thailand? Download a sample report now.


Thailand Economic News

  • Thailand: Inflation inches down in May

    June 4, 2019

    Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.

    Read more

  • Thailand: Manufacturing output rebounds in April

    May 28, 2019

    Manufacturing production rose 2.0% year-on-year in April, swinging from a revised 2.7% contraction in March (previously reported: -2.5% year-on-year).

    Read more

  • Thailand: Exports fall again in April

    May 23, 2019

    Thailand recorded a trade deficit of USD 1.5 billion in April, swinging from a USD 2.0 billion surplus in March; the 12-month moving sum of the trade balance narrowed from a USD 3.0 billion surplus in March to a USD 2.6 billion surplus.

    Read more

  • Thailand: Economic growth moderates to near five-year low in Q1

    May 21, 2019

    Economic growth decelerated to 2.8% year-on-year in the first quarter of 2019, down from the 3.6% annual expansion logged in Q4 last year and the lowest reading in nearly half a decade.

    Read more

  • Thailand: Inflation stable in April at lower end of Central Bank’s target range

    May 16, 2019

    Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear. Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting.

    Read more

More news

Search form