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 |
|
|
33.6910 +1434 pips |
34.3012 -7536 pips |
33.54764 |
News (THB)
Thai GDP Expands Less Than Forecast
The Thai economy grew at a slower than expected pace in the fourth quarter on contracting private investment and decelerating government spending, official data revealed Monday. Gross domestic product logged an annual growth of 3.2 percent in the fourth quarter after rising 3.0 percent in the third quarter, the Office of the National Economic and Social Development Council said.
RTTNews | 5 days ago
Thai Manufacturing Sector Falls Into Contraction - S&P Global
The manufacturing sector in Thailand fell back into contraction in January, the latest survey from S&P Global revealed on Monday with a PMI score of 49.6.
RTTNews | 20 days ago
Thai Manufacturing PMI Rises To 50.2 In November - S&P Global
The manufacturing sector in Thailand moved to expansion in November, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 50.2.
RTTNews | 83 days ago
