Thailand Balance of Trade
Thailand as an export-oriented economy is especially vulnerable to foreign economic shocks, which diminish demand for Thai products and so alter the trade balance. Electronics, cars, machinery, and equipment are Thailand's most important exports. The majority of the country's imports are petroleum, electrical devices, and machinery appliances. Japan (which accounts for 10% of total exports and 20% of total imports) and China (12 percent of total exports and 15 percent of total imports) are the primary largest market partners. Other countries include the European Union, the United States, and Malaysia.
A higher than expected figure should be seen as positive (bullish) for the THB while a lower than expected figure should be seen as negative (bearish) for the THB.
Forex Sentiment (THB)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| USDTHB |
|
|
32.4006 +780 pips |
33.9236 -16010 pips |
32.32263 |
News (THB)
Thai Economic Growth Slows In Q2
Thailand's economy grew at a softer pace in the second quarter largely due to the slowdown in tourist arrivals, official data revealed on Monday. Gross domestic product expanded 2.8 percent year-on-year in the second quarter, slower than the 3.2 percent growth posted in the first quarter, the National Economic and Social Development Council said.
RTTNews | 11 days ago
Thai Manufacturing Sector Accelerates In June - S&P Global
The manufacturing sector in Thailand picked up steam in June, the latest survey from S&P Global showed on Tuesday with a manufacturing PMI score of 51.7.
RTTNews | 59 days ago
Thai Downgrades GDP Growth Outlook
Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | 102 days ago
