You need an operational team for your procurement projects in Thailand? We are a Thailand Sourcing Company

Thailand Sourcing

With an estimated 64 million inhabitants Thailand is the world’s 20th-most-populous country and was ranked as the 32d largest economy in the world in 2013.

Thailand experienced the world’s highest growth rate from 1985 to 1996, averaging 12.4% annually, to be today the 2nd largest economy in Southeast Asia after Indonesia, with a GDP growth of 6.5 percent in 2012.

Main exports:
Agriculture: Rice, fishery products and rubber.

Industry: Major exports include textiles and footwear, jewellery, cars, computers parts and electrical appliances.

Main markets:
Main export partners are China (11.1%), Japan (10.2%), United States (9.9%), Hong Kong (5.7%), Malaysia (5.4%), Indonesia (4.9%), Singapore (4.7%) and Australia (4.3%)

Major challenges:
Future performance depends on continued reform of the financial sector, corporate-debt restructuring, attracting foreign investment and increasing exports. Thailand is experiencing as well a growing shortage of engineers and skilled technical personnel.

But the main issue remains the political instability, which will have an impact on the GDP growth in 2014.

To discuss your Thailand sourcing requirements please contact us

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