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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

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