30 Oct 2019
Trading
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
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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
21 Nov 2018
Thai exports in the first 10 months expanded 8.2 percent YoY, driven by favorable expansion of auto products and parts and equipment, in line with steady global economic recovery. In addition, petroleum-related products rose due partly to higher crude oil prices in 2018 when compared to the levels i... Read more
28 Sep 2018
Over the first eight months of 2018, Thailand’s border trade and transit trade were valued at THB922.312 billion, growing 6.5 percent YoY. Although growth was slower than the 9.8-percent pace reported in 2017, KResearch views that the THB-denominated amount of our border trade and transit trade for ... Read more
21 Sep 2018
The value of Thailand’s outward trade reached THB22.794 billion for August, representing a new record high. However, the August export growth grew at a slower pace at 6.7 percent YoY, due partly to a high 2017 base and 66.6 percent contraction in gold shipments. If the value of gold exports was e... Read more
22 Aug 2018
Thai outbound shipments to the US and China, however, slowed in July 2018 amid an ongoing trade war between the US and China. The value of Thai exports to the US contracted for the first time in 21 months at 1.9 percent YoY due to a decline in exports of machinery, electronic parts, instant noodles ... Read more
20 Jul 2018
Overall, Thai outbound shipments in 1H18 rose 11.0 percent over year. The growth is attributed mainly to the sustained momentum of economic recovery and the cyclical uptrend of electronic products, which are also expected to drive Thai exports in 2H18. The expansion rate in 2H18 however is expected... Read more
23 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, favo... Read more
21 Mar 2018
- Despite a high 2017 base of comparison, February exports continued to expand for the 12th month Thailand’s international trade data for February 2018 indicated a scenario of strong and continued recovery in foreign demand. Despite the high 2017 base because the 2018 Chinese New Year fell in Feb... Read more
21 Feb 2018
Contrary to the past 5-6 years when the value of January exports tended to fall over-month, January shipments in 2018 posted better-t... Read more
22 Jan 2018
Thailand saw a trade deficit in December 2017 for the second time in the year (after one in July 2017) due to higher than expected imports that had... Read more