24 Jun 2021
Trading
Thai exports in May 2021 reached an 11-year high with growth of 41.59 percent YoY. Excluding oil-related products, gold, weaponry and military supplies, May’s overall exports grew 45.87 percent YoY. For the first five months of 2021, exports rose 10.78 percent YoY. However, export growth during this... Read more
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25 May 2021
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25 Mar 2021
The global economy is projected to recover at a faster rate than prior estimate during 2021. Due to the progress on COVID-19 vaccine rollouts and growth seen in the US economy, buoyed by its massive economic stimulus package, the global economy is set to rebound to its pre-pandemic levels in 2021, a... Read more
19 Mar 2021
Thailand’s latest export figure in January 2021 grew at a mere 0.3 percent YoY. Excluding gold, exports rose by 6.3 percent YoY, which reflected the recovery of Thailand’s trading partners, thanks to the commencement of COVID-19 vaccinations which have started to rejuvenate global economic activity,... Read more
23 Feb 2021
Thailand’s outward trade posted steady growth over-month in January 2021 as the global economy began to recover. Excluding gold, Thai exports increased 6.3 percent, suggesting stronger demand for Thai products abroad, in particular automotive accessories, which surged 18.8 percent YoY, against the 0... Read more
22 Jan 2021
The COVID-19 pandemic continues to persist worldwide, including in Thailand. In spite of this, hopes for COVID-19 vaccines, lesser stringent lockdown measures than the previous round of the pandemic and economic stimulus measures introduced by many countries helped support Thai exports in December 2... Read more
23 Dec 2020
Thailand’s outward trade exhibited improving signs in November 2021 despite soaring COVID-19 infections in the US and Europe. November shipments shrank only 3.65 percent YoY, against the 6.71 percent YoY contraction reported for October 2020. Excluding oil-related products, gold and arms, November ... Read more
23 Nov 2020
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
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 Jul 2020
Thailand’s outward trade recorded a steep contraction for the second consecutive month in June 2020. As a result, 1H20 exports shrank 7.1 percent YoY. June shipments were valued at USD16,444 million, shrinking 23.2 percent YoY due to the unfolding coronavirus (COVID-19) pandemic and lockdown measure... Read more
25 Jun 2020
Border trade is an important product distribution channel for Thailand to neighboring countries (Myanmar, Lao PDR, Cambodia, Malaysia, Singapore, Vietnam and southern China). Border trade shipments represent 30 percent of Thailand’s total export value from all cross-border channels combined. During... 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