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Thailand Exports YoY
Approximately 65% of Thailand's GDP is derived from exports, indicating that it is an export-driven economy. The country's primary exports are manufactured products (86% of total shipments), with electronics accounting for 14% of total shipments, vehicles accounting for 13%, machinery and equipment accounting for 7.5%, and foodstuffs accounting for 7.5%. 8% of all exports are comprised of agricultural products, mostly rice and rubber. China (12%), Japan (10%), the United States (10%), and the European Union (9.5%). Malaysia, Australia, and Singapore are among other trading partners.
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 |
|
|
32.6116 -240 pips |
33.8847 -12491 pips |
32.63561 |
News (THB)
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 | 8 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 | 51 days ago
Thai Manufacturing Sector Continues To Contract - S&P Global
The manufacturing sector in Thailand continued to contract in April, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 49.5.
RTTNews | 68 days ago
