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Thailand
Recovery slowed by the slump in tourism
B2
MEDIUM RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP |
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Population |
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Form of state | Constitutional Monarchy | |
Head of government |
Prayut Chan-o-cha (PM) |
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Next elections | 2023, General election |

- Moderate public debt and acceptable fiscal deficits
- Appropriate monetary policy management
- Solid commercial banks with high level of provision and capital
- Manageable external debt burden
- Regional trade hub
- Well diversified economy
- Exposure to China supportive in the post-Covid recovery

- Chronic political instability since 2006, with the overthrowing of the elected government in a military coup in May 2014 and ongoing protests since 2020
- Asset quality of specialized financial institutions is weaker than that of commercial banks
- Dependence on tourism sector in the context of the Covid-19 pandemic
Trade structure by destination/origin
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
United States
15.5%
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1 |
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China
13.8%
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2 |
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Japan
9.3%
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3 |
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Vietnam
4.6%
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4 |
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Malaysia
4.5%
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5 |
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Trade structure by product
(% of total, 2021)
Exports | Rank | Imports |
---|---|---|
Electrical machinery, apparatus and appliances, n.e.s.
10.7%
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1 |
12.2%
Electrical machinery, apparatus and appliances, n.e.s.
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Road vehicles
10.4%
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2 |
11.9%
Petroleum, petroleum products and related materials
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Office machines and automatic data processing machines
7.6%
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3 |
5.9%
Iron and steel
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Other industrial machinery and parts
5.0%
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4 |
4.4%
Other industrial machinery and parts
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Plastics in primary forms
4.7%
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5 |
4.3%
Non-ferrous metals
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Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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