Thailand Focus Royal Thai Embassy Buenos Aires
Basic Data
Basic Data Total Area: 514, 000 sq km Thailand is the 51 st largest country in the world. (Approximately 1/5 of Argentina) Population: 67. 8 million
Political Structure Form of Government: Constitutional Monarchy Head of State: King Bhumibol Adulyadej Head of Government: Prime Minister (For a maximum of 8 consecutive years) National Legislature: - House of Representative (500 members) - Senate (150 members)
Economic Conditions GDP (2013) : 385 Billion US Dollars Forecasted GDP of 2014 : 388 Billion US Dollars Forecasted GDP Growth of 2014 : 3 -4% Sources: World Bank, Bank of Thailand, NESDB, etc.
GDP Composition, By Sector Services: 44. 2 % Wholesale and retail trade, real estate and construction, transportation and communication, financial sector, hotel and restaurant Industries: 43. 6 % Tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts Agricultural Products: 12. 1 % Rice, cassava (manioc), rubber, corn, sugarcane, coconuts, soybeans
Inflation: 2. 2 % (2013) Unemployment Rate: 0. 9 % (1/2014) Official Foreign Reserves: 166. 7 Billion US Dollars (end of 1/2014)
Doing Business 2014: World’s #18/189 Number of Foreign Tourists: 26. 7 million people
Exports / Imports Exports (2013) Imports (2013) : : 225. 4 Billion US Dollars 219 Billion US Dollars Top 10 Exports (Jan–Feb 2014): Auto. Parts & Accessories Computers, Equipment & Parts Refined Fuels Precious Stone & Accessories Chemical Products Plastic Pellets Rubber Products Rubber Electronic Circuit Boards Machinery & Parts Top 10 Imports (Jan–Feb 2014): Crude Oil Machinery & Parts Electrical Machinery & Parts Chemicals Products Iron, Steel & Products Auto. Parts & Accessories Electrical Circuit Boards Computer, Equipment, Parts Other Metal Ores Household Electrical Appliances
Major Destinations of Exports: - ASEAN (20 %) - China (12 %) - Japan (10 %) - US (10 %) Major Suppliers of Imports: - Japan (20 %) - ASEAN (11 %) - China (15 %) - Gulf Cooperation Council (7 %) Source: Ministry of Commerce
Strategic Location Thailand is situated in the heart of Southeast Asian mainland. With modern infrastructures linking to other subregional countries. (Cambodia, China, Laos, Myanmar, and Viet Nam) Thailand can be the gateway for trade and investment to Southeast Asia.
Free Trade Agreements Thailand signed FTA with: ASEAN, Australia, BIMSTEC, India, Japan, New Zealand, Peru, Chile. ASEAN signed FTA with: China, India, Japan, Republic of Korea, Australia and New Zealand. Pending Negotiations: Thai-EU Source: Ministry of Commerce
Size of Market Thailand : 67. 8 million people ASEAN : 600 million people ASEAN and Dialogue Partners which signed FTA with ASEAN (China, Japan, Republic of Korea, Australia, New Zealand, and India) : 3, 284 million people (half of world population)
Thailand - Argentina trade value Million US$ 2006 2007 2008 2009 2010 2011 2012 2013 613. 54 855. 23 971. 51 825. 24 1, 119. 25 1, 325. 29 1, 594 2, 127. 61 Export to Argentina 351. 11 381. 65 380. 02 383. 49 594. 46 716. 29 943 1, 049. 45 Import fr Argentina 262. 44 473. 58 591. 48 441. 75 524. 79 609. 00 651 1, 078. 16 88. 67 -91. 93 -211. 46 -58. 25 69. 67 107. 29 292 -28. 71 Year Trade value Trade balance Total trade value jumped up 33. 45% in 2013 Import from Argentina increase 66. 90% Thailand deficit 28. 71 million US$
Thailand - Argentina trade n Argentina export to Thailand • • n Soybean meal (residual after oil extraction) Meat and meat products Frozen seafood Argentina import from Thailand • • • Automobile parts Electrical appliance TV, air condition Machinery parts
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