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Thailand is the 7th largest destination for Dutch exports to Asia, not including the Middle East and Gulf Regions.
However, with a contribution of only just over 0.2 % Thailand is and remains a small market for Dutch exports. It
should be noted that whereas the CBS registered a Euro term growth of 18.4 % in Dutch exports to Thailand, the Bank
of Thailand registered a US Dollar term growth of only 1.6 %. That difference may in part be explained by exchange
rate fluctuations, by the difference in departure and arrival dates and by the difference in calculations based on the
CIF value of the FOB value of the goods. The growth of Dutch exports to the 4 largest ASEAN economies is at 34.4
% remarkable and does reflect the strong economic fundamentals of the second largest emerging economy in the
world. ASEAN should no longer be seen as a region of 10 relative small economies, with Singapore as its financial
center and the other member states as low wage cost economies, but as a strong economic block with a robust
internal growth and providing an excellent stepping stone to the entire Asia Pacific Region.
Summary
• Thai imports grew in 2012, especially with an increased import of Japan and China.
• The Thai import from the EU grew in 2012, thanks to France and UK.
• The Netherlands remains the 5th largest exporter from the EU to Thailand.
• Thailands main export destinations are in the ASEAN: Malaysia, Singapore, Indonesia and Vietnam.
• The Netherlands remains the largest destination for Thai exports to the EU in 2012.
• Thailands export to the Netherlands is only 0.6% of Thailands total export.
• Thailand’s imports from the Netherlands are grew with 4% more specific in iron & steel, raw hide and leather,
plastics and optical equipment.
• ASEAN became the 2nd largest emerging economy in terms of international trade and GDP after China.
• About 80 % of all Dutch exports is to the EU, about 9 % is to Asia, and only 0.2 % is to Thailand.
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