Thailand’s overall export value slightly increased by 0.90% or USD479mil in Q1 2016 at USD53,829mil comparing to Q1 2015 at USD53,351mil. The main contribution for the increase comes from Switzerland which jumped from USD536mil to USD1,644mil while the main contribution for the decrease comes from China by USD356mil and Cambodia by USD238.
In terms of products, the total value of “Precious stones and jewellery” product group significantly increased by 72% or USD1,982mil in Q1 2016 at USD4,722mil comparing to Q1 2015 at USD2,740. On the contrary, the total value of “Refine fuels” product group dropped by 44% or USD807mil in Q1 2016 at USD1,042mil comparing to Q1 2015 at USD1,849mil.
Thailand’s overall import value significantly dropped by 12% or USD6,221mil in Q1 2016 at USD45,640mil comparing to Q1 2015 at USD51,861mil. The main contributors for the decrease in Q1 2016 are from Japan (dropped by 12% or USD723mil) and U. Arab Emirates (dropped by 12% or USD718mil). The only increase in total value comes from China by 1% or USD73mil at USD9,806 in Q1 2016 comparing to USD9,733 in Q1 2015.
In terms of products, the main contributors for the significant drop come from “Crude oil” product group at 34% or USD2,111mil and “Jewellery including silver bars and gold” product group at 18% or USD1,127mil. The main contribution on the increase side is from “Electrical machinery and parts” product group at 7% or USD432mil.
Source: Ministry of Commerce, Thailand