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 |
|
|
36.9728 +798 pips |
0 +368930 pips |
36.89300 |
News (THB)
Thai Manufacturing PMI Weakens Further In February - S&P Global
The manufacturing sector in Thailand continued to contract in February, and at a faster pace, the latest survey from S&P Global revealed on Friday with a manufacturing PMI score of 45.3.
RTTNews | 53 days ago
Thai GDP Growth Misses Expectations; Govt Cuts Growth Outlook
Thailand's economy grew less than expected in the fourth quarter adding pressure on the central bank to cut its interest rates amid negative inflation. The economy expanded 1.7 percent on a yearly basis in final quarter of 2023, the National Economic and Social Development Council said Monday. This was faster than the 1.4 percent rise seen in the third quarter.
RTTNews | 64 days ago
Thai Manufacturing PMI Improves To 46.7 In January - S&P
The manufacturing sector in Thailand continued to contract in January, albeit at a slower rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 46.7.
RTTNews | 82 days ago
