ASEAN: Regional Trends in Economic Integration, Export ... - USITC
ASEAN: Regional Trends in Economic Integration, Export ... - USITC
ASEAN: Regional Trends in Economic Integration, Export ... - USITC
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THAILAND<br />
ECONOMIC PROFILE<br />
<strong>Economic</strong> Indicators<br />
2004 2008<br />
Population (million) 65.1 66.3<br />
Nom<strong>in</strong>al GDP (billion US$) 161.3 273.3<br />
Real GDP growth (%) 6.3 2.6<br />
Goods exports (million US$) 94,979 174,822<br />
Goods imports (million US$) 84,194 157,274<br />
Trade balance (million US$) 10,785 17,548<br />
GDP per capita (US$ at PPP) 6,353 8,235<br />
Inward FDI stock (million US$) 53,187 104,850<br />
Source: Economist Intelligence Unit, Country Report:<br />
Thailand, June 2009; United Nations Conference on Trade<br />
and Development, FDISTAT Interactive Database. PPP =<br />
purchas<strong>in</strong>g power parity.<br />
Sources of GDP (2009)<br />
Agriculture<br />
12.3%<br />
Industry<br />
44.0%<br />
Thailand’s trade agreements <strong>in</strong>clude:<br />
• <strong>ASEAN</strong>-Ch<strong>in</strong>a, preferential trade agreement<br />
cover<strong>in</strong>g goods (eff. July 2003);<br />
• <strong>ASEAN</strong>-Ch<strong>in</strong>a, economic <strong>in</strong>tegration agreement<br />
cover<strong>in</strong>g services (eff. July 2007);<br />
• <strong>ASEAN</strong>-Japan, free trade agreement cover<strong>in</strong>g<br />
goods (eff. Dec. 2008);<br />
• <strong>ASEAN</strong> Free Trade Area (AFTA), free trade<br />
agreement cover<strong>in</strong>g goods (eff. Jan. 1992);<br />
• Japan-Thailand, free trade agreement and<br />
economic <strong>in</strong>tegration agreement cover<strong>in</strong>g goods<br />
and services (eff. Nov. 2007);<br />
• Laos-Thailand, preferential trade agreement<br />
cover<strong>in</strong>g goods (eff. June 1991);<br />
• Thailand-Australia, free trade agreement and<br />
economic <strong>in</strong>tegration agreement cover<strong>in</strong>g goods<br />
and services (eff. Jan. 2005); and<br />
• Thailand-New Zealand, free trade agreement<br />
and economic <strong>in</strong>tegration agreement cover<strong>in</strong>g<br />
goods and services (eff. July 2005).<br />
Source: World Trade Organization, <strong>Regional</strong> Trade<br />
Agreements, Thailand, http://rtais.wto.org (accessed<br />
March 17, 2010). Eff. = effective.<br />
Services<br />
43.7%<br />
Pr<strong>in</strong>cipal imports: capital goods, <strong>in</strong>termediate goods<br />
and raw materials, consumer goods, and fuels.<br />
Pr<strong>in</strong>cipal exports: textiles and footwear, fishery<br />
products, rice, rubber, jewelry, automobiles,<br />
computers, and electrical appliances.<br />
Source: U.S. Central Intelligence Agency, The World<br />
Factbook: Thailand, March 2010.<br />
Ma<strong>in</strong> trade partners, percent of total, 2008<br />
<strong>Export</strong> markets<br />
Suppliers<br />
United States 11.2 Japan 18.8<br />
Japan 11.2 Ch<strong>in</strong>a 11.2<br />
Ch<strong>in</strong>a 9.1 United States 6.4<br />
S<strong>in</strong>gapore 5.6 United Arab<br />
6.0<br />
Emirates<br />
Hong Kong 5.6 Malaysia 5.5<br />
Source: Economist Intelligence Unit, Country Report:<br />
Thailand, June 2009.<br />
E-11