Imports in Thailand
Thailand - Imports
Exports shrink in February
Thai exports dropped 4.5% year-on-year in February, swinging from January’s 3.3% increase, likely influenced by the Covid-19 pandemic depressing globe trade and economic activity. The print, moreover, reflected lower exports of cars; polymers of ethylene and propylene; chemical products; electronic integrated circuits; and iron and steel. This more than offset strong growth in precious stones and jewelry.
Imports, meanwhile, fell 4.3% over a year ago, up from the 7.9% contraction in January. As imports continued to plunge, the trade balance swung from a USD 1.6 billion deficit in January to a USD 3.9 billion surplus in February; on a 12-month rolling basis, however, the trade surplus narrowed from USD 12.0 billion to USD 11.8 billion.
Exports are expected to take a beating from the Covid-19 pandemic this year and weigh on the overall economy. Moreover, the balance of risks is notably titled to the downside owing to the pandemic, a slowing Chinese economy and the trade dispute between the U.S. and China.
FocusEconomics panelists expect exports to contract 0.8% in 2020. The panel sees imports increasing 0.5% in 2020, which would bring the trade surplus to USD 23.6 billion. In 2021, exports and imports are expected to increase 5.4% and 6.9% respectively, with the trade surplus narrowing to USD 21.5 billion.
Thailand - Imports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Imports (USD billion) | 187 | 178 | 201 | 229 | 216 |
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 30.11 | 0.17 % | Dec 30 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Thailand: Manufacturing production dips in February
April 1, 2021
Manufacturing output fell 0.3% in month-on-month seasonally-adjusted terms in February, which contrasted January's 0.4% increase.
-
Thailand: Central Bank holds rates at March meeting; downgrades growth outlook
March 24, 2021
At its 24 March meeting, the Monetary Policy Committee of the Bank of Thailand (BoT) kept the policy rate at the record low of 0.50% for the seventh consecutive meeting.
-
Thailand: Merchandise exports swing into contraction in February
March 22, 2021
Merchandise exports declined 2.6% over the same month last year in February, contrasting January’s 0.4% year-on-year increase.
-
Thailand: Consumer prices register largest fall since June 2020 in February
March 5, 2021
Consumer prices fell 0.91% over the previous month in February, swinging from the 0.09% increase logged in January.
-
Thailand: Manufacturing production inches down in January
February 26, 2021
Manufacturing output dropped 0.1% month-on-month in seasonally-adjusted terms in January, which contrasted December’s 1.7% rise. On an annual basis, manufacturing production declined 2.8% in January, which matched December’s fall.
© Copyright: 2021. | Thailand Imports | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
