Thailand & Logistics:
The economy of Thailand is heavily dependent on exports, which accounts for more than two-thirds of the country’s gross domestic product (GDP).
Thailand itself is a newly industrialized country, with a GDP of 16.316 trillion baht (US$504.9 billion) in 2018, the 8th largest economy of Asia, according to the World Bank. As of 2018, Thailand has an average inflation of 1.06% percent and an account surplus of 7.5 percent of the country’s GDP. The Thai economy is expected to post 3.8% growth in 2019. Its currency, the Thai Baht, also ranked as the tenth most frequently used world payment currency in 2017.
The country’s main trading partners are Japan, the United States, China, Singapore, and Malaysia. The most important import categories by value are machinery; chemicals and related products; petroleum; iron, steel, and other metals; and raw materials of various types.