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
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