Overview: In 2018 Thailand was the number 25 economy in the world in terms of GDP (current US$), the number 22 in total exports, the number 23 in total imports, and the number 28 most complex economy according to the Economic Complexity Index (ECI). Thailand is an export oriented economy with exports accounting for around 65 percent of the GDP. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.The top product import tariffs by their MFN Ad Valorem value for Thailand are Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.During the last 20 years Thailand's economy has become relatively more complex, moving from the 65th to the 28th position in the ECI rank.These economic complexity rankings use 6 digit exports classified according to the HS96 classification. The country mainly exports manufactured goods (86 percent of total shipments) with electronics (14 percent, vehicles (13 percent), machinery and equipment (7.5 percent) … Imports in the same year totaled US$177 billion, … Exports … 20 in total trade value through May with a total of $19.78 billion. Other include China, Hong Kong, Japan, and Malaysia. In 2018, Thailand exported $262B and imported $227B, resulting in a positive trade balance of $34.3B. In 2015, US$212 billion of goods were exported from Thailand, the 22 nd highest value in the world. Thailand’s top 10 imports approached three-quarters (72%) of the overall value of its product purchases from other countries. Relatedness is a predictive of the probability that a country increases its exports in a product. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. In 2011, Mr. Pines started his own consulting firm through which he advises law firms and investment professionals on issues related to trading, and derivatives. Everything you wanted to know about commodity trading.Thailand is the 20th largest export economy in the world and it enjoys a positive trade balance of $40.68 billion after deducting its annual import total of $190 billion from the $231 billion achieved in export sales.GDP of Thailand is calculated as $395 billion, which results in a GDP per capita of $16,300.The country has managed to achieve export sales growth over the last five years at an annualized rate of 1.9%, rising from $203 billion to $231 billion per annum during that time.Top export destinations of Thailand are the United States ($28.6 billion), China ($28.5 billion), Japan ($20.3 billion), Hong Kong ($11.6 billion) and Malaysia ($10.6 billion).Exports of refined petroleum account for 2.7% of Thailand’s total annual exports and the country has a 1.5% share of a global market that is worth $412 billion annually.The value of worldwide natural rubber exports has actually fallen overall by 67% in the last five years with 14 of the top 15 countries suffering declines in sales, although Thailand is not one of the top 5 countries to have posted the biggest declines in that period.Although Thailand’s rice exports have recently reached a record level of 11 million tonnes, the country isThe country has managed to increase the value of its gold exports by 9.4% in the last five years.Chatree is Thailand’s only active gold mine and Akara Resources is Lawrence Pines is a Princeton University graduate with more than 25 years of experience as an equity and foreign exchange options trader for multinational banks and proprietary trading groups.
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thailand exports and imports