Merchandise exports rose by just 3.2% in US dollars last year. The
value of rice exports shrank by 28% because the subsidy on the domestic
purchase price pushed Thai rice prices well above internati...
Exports of automobiles increased by 26%, but those of electronic products
edged up by just 0.9%.
Imports outpaced exports, rising by 7.8% in US dollars, in part a
result of capital equipment purchased to replace that damaged by the
floods. Consequently, the trade surplus shrank by half to $8.3 billion
(Figure 3.30.5). Insurance payouts after the floods contributed to a
narrowing in the services trade deficit, but the sharply lower trade surplus
meant the current account surplus fell to 0.7% of GDP.
The capital and financial account recorded a substantial surplus,
largely because of net portfolio inflows and loans to businesses. The overall
balance of payments remained in surplus, and gross international reserves
rose by 3.7% to $181.6 billion, cover for 10 months of imports.
Higher capital inflows contributed to 6% appreciation of the Thai baht
against the US dollar in 2012. The central bank indicated it would further
liberalize outward foreign direct and portfolio investment, partly to take
pressure off the baht. The Stock Exchange of Thailand index of share
prices climbed by 35.8% over last year, and yields on government bonds
generally declined. Housing prices showed modest gains.
Source: Bank of Thailand. http://www.bot.or.th (accessed 11 March 2013)
Never miss a thing with our weekly newsletter. We'll send you the latest and greatest infographics, news and all things Visually.
Go ahead, you can always opt out anytime with just one click.
Switch to Wordpress Code
Click below to copy
Get Notified of New Infographics
Thank you for subscribing to the Visually newsletter.
Just one last thing: we've sent you an email asking you to confirm your subscription.
Tell your story visually before December 31st and get a free iPad Air!*
The holidays are a great time to tell your brand story. From Black Friday trends and Mobile Shopping guides to the Best and Worst Times to Book Travel and Thanksgiving etiquette, the Visually team will help you craft your brand's unique stories and raise your social profile during the noisy holiday season.
*Requires $10k minimum purchase
Complete your profile
Which role describes you best?
Please tell us more about your professional experience...
Please fill out at least one of the following fields