Thailand Focus

Royal Thai EmbassyBuenos Aires

Basic DataBasic Data

Basic DataBasic Data

Total Area: 514,000 sq kmTotal Area: 514,000 sq km

Thailand is the 51Thailand is the 51stst largest largest

country in the world.country in the world.

(Approximately 1/5 of Argentina)(Approximately 1/5 of Argentina)

Population: 67.8 millionPopulation: 67.8 million

Political StructurePolitical Structure

Form of Government: Constitutional MonarchyForm of Government: Constitutional Monarchy

Head of State: King Bhumibol AdulyadejHead of State: King Bhumibol Adulyadej

Head of Government: Prime Minister Head of Government: Prime Minister

(For a maximum of 8 consecutive years) (For a maximum of 8 consecutive years)

National Legislature: National Legislature: -- House of Representative (500 members)House of Representative (500 members)

-- Senate (150 members)Senate (150 members)

Economic ConditionsEconomic Conditions

GDP (2013)GDP (2013) : 385 Billion US Dollars : 385 Billion US Dollars

Forecasted GDP of 2014Forecasted GDP of 2014: 388 Billion US Dollars: 388 Billion US Dollars

Forecasted GDP Growth of 2014Forecasted GDP Growth of 2014: 3 - 4 % : 3 - 4 %

Sources: World Bank, Bank of Thailand, NESDB, etc.Sources: World Bank, Bank of Thailand, NESDB, etc.

GDP Composition, By SectorGDP Composition, By SectorServices: 44.2 %Services: 44.2 %

Wholesale and retail trade, real estate and construction, Wholesale and retail trade, real estate and construction, transportation and communication, financial sector, hotel and transportation and communication, financial sector, hotel and restaurantrestaurant

Industries: 43.6 %Industries: 43.6 %Tourism, textiles and garments, agricultural processing, Tourism, textiles and garments, agricultural processing,

beverages, tobacco, cement, beverages, tobacco, cement,

light manufacturing such as jewelry and electric appliances, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive partsautomobiles and automotive parts

Agricultural Products: 12.1 %Agricultural Products: 12.1 %

Rice, cassava (manioc), rubber, corn, Rice, cassava (manioc), rubber, corn,

sugarcane, coconuts, soybeanssugarcane, coconuts, soybeans

Inflation: 2.2 % (2013)Inflation: 2.2 % (2013)

Unemployment Rate: 0.9 % (1/2014)Unemployment Rate: 0.9 % (1/2014)

Official Foreign Reserves: Official Foreign Reserves: 166.7 Billion US Dollars (end of 166.7 Billion US Dollars (end of 1/2014)1/2014)

Doing Business 2014: World’s #18/189Doing Business 2014: World’s #18/189

Number of Foreign Tourists: 26.7 Number of Foreign Tourists: 26.7 million peoplemillion people

Exports / ImportsExports / Imports

Exports (2013)Exports (2013) : 225.4 Billion US Dollars: 225.4 Billion US Dollars

Imports (2013)Imports (2013) : 219 Billion US Dollars: 219 Billion US Dollars

Top 10 Imports (Jan–Feb 2014): Crude OilMachinery & PartsElectrical Machinery & PartsChemicals ProductsIron, Steel & ProductsAuto. Parts & AccessoriesElectrical Circuit BoardsComputer, Equipment, PartsOther Metal OresHousehold Electrical Appliances

Top 10 Exports (Jan–Feb 2014): Auto. Parts & AccessoriesComputers, Equipment & PartsRefined FuelsPrecious Stone & AccessoriesChemical ProductsPlastic PelletsRubber ProductsRubberElectronic Circuit BoardsMachinery & Parts

Major Destinations of Exports: Major Destinations of Exports:

-- ASEAN (20 %)ASEAN (20 %)- China (12 %) China (12 %) - Japan (10 %)Japan (10 %)

-- US (10 %)US (10 %)

Major Suppliers of Imports:Major Suppliers of Imports:

-- Japan (20 %)Japan (20 %)

-- ASEAN (11 %)ASEAN (11 %)

-- China (15 %)China (15 %)

-- Gulf Cooperation Council (7 %)Gulf Cooperation Council (7 %)Source: Ministry of CommerceSource: Ministry of Commerce

Strategic Location Strategic Location

Thailand is situated in the heart of Southeast Asian Thailand is situated in the heart of Southeast Asian mainland. mainland.

With modern With modern infrastructures infrastructures linking to other subregional linking to other subregional countries. (Cambodia, China, countries. (Cambodia, China, Laos, Myanmar, and Viet Nam)Laos, Myanmar, and Viet Nam)

Thailand can be the gateway Thailand can be the gateway for trade and investment to for trade and investment to Southeast Asia.Southeast Asia.

Free Trade AgreementsFree Trade Agreements

ThailandThailand signed FTA with: ASEAN, Australia, signed FTA with: ASEAN, Australia,

BIMSTEC, India, Japan, New Zealand, Peru, Chile.BIMSTEC, India, Japan, New Zealand, Peru, Chile.

ASEANASEAN signed FTA with: China, India, Japan, signed FTA with: China, India, Japan,

Republic of Korea, Australia and New Zealand.Republic of Korea, Australia and New Zealand.

Pending Negotiations: Pending Negotiations:

Thai-EUThai-EU

Source: Ministry of CommerceSource: Ministry of Commerce

Size of Market

Thailand : 67.8 million people: 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 valueThailand - Argentina trade value

Year 

Million US$

2006 2007 2008 2009 2010 2011 2012 2013

Trade value

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

Trade balance

88.67 -91.93 -211.46 -58.25 69.67 107.29 292 -28.71

Total trade value jumped up 33.45% in 2013

Import from Argentina increase 66.90%

Thailand deficit 28.71 million US$

Argentina export to ThailandArgentina export to Thailand• SoybeanSoybean• Soybean meal (residual after oil extraction)Soybean meal (residual after oil extraction)• Meat and meat productsMeat and meat products• Frozen seafoodFrozen seafood

Argentina import from ThailandArgentina import from Thailand• Automobile partsAutomobile parts• Electrical appliance TV, air conditionElectrical appliance TV, air condition• Machinery partsMachinery parts

Thailand - Argentina tradeThailand - Argentina trade

Thank you

Thank youThank you