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Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Exporting to Thailand
Thailand Country Profile
Official Name (Local Language) The Kingdom of Thailand
Capital Bangkok
Population 68,200,824
Currency Thai Baht
GDP $406.8 billion
Languages Thai
Phone Dial In 66
Thailand Imports Profile
Imports ($m USD) 195,714
Number of Import Products 4,487
Number of Import Partners 232
Thailand Economic Statistics
Government Website | https://www.thaigov.go.th |
| Sovereign Ratings | https://countryeconomy.com/ratings/thailand |
| Central Bank | Bank of Thailand |
| Currency USD Exchange Rate | 35.4 |
| Unemployment Rate | 0.9% |
| Population below poverty line | 7.2% |
| Inflation Rate | 0.2% |
| Prime Lending Rate | 1.5% |
| GDP | $406.8 billion |
| GDP Pro Capita (PPP) | $16,800 |
| Currency Name | Thai Baht |
| Currency Code | THB |
| World Bank Classification | Upper Middle Income |
| Competitive Industrial Performance | 34/138 |
| Corruption Perceptions Index | 96/180 |
| Ease of Doing Business | 27/190 |
| Enabling Trade Index | 63/136 |
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Thailand is one of the most successful emerging economies in South East Asia, with a population of over 67.5 million. Listed as the 23rd largest country in the world in terms of export volume, Thailand is a hub for exporting electronic products, automobiles (cars and vehicles) and petroleum. Thailand ranks as twenty-ninth most complex on the Economic Complexity Index.
Thailand is particularly well-known for its growing motorcycle and commercial vehicle export industry. A major trading partner in terms of both imports and exports for Thailand is China, which is one of the world’s largest trading economies.
Exporting to Thailand: What is trade finance?
Thailand imports around $202 billion USD worth of goods each year. Thailand’s biggest import partners are China, Japan and the European Union.
Thailand has seen a sharp decline in imports over the recent months, falling around 11% in the last year. This was largely because one of Thailand’s largest imports was crude oil and commodities; and oil prices have dropped significantly in recent years.
Chart Showing GDP Growth Compared to rest of world
GDP Composition for Thailand
Agriculture
8.9%
Rice, cassava (manioc, tapioca), rubber, corn, sugarcane, coconuts, palm oil, pineapple, livestock, fish products
Industry
35.9%
Tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts, agricultural
Services
55.3%
Map
Top 5 Import Partners
| Country | Trade | % Partner Share |
| China | 42,251 | 21.59 |
| Japan | 30,862 | 15.77 |
| United States | 12,217 | 6.24 |
| Malaysia | 10,953 | 5.60 |
| Korea, Rep. | 7,311 | 3.74 |
Top 5 Import Products
| Export Product | Number |
| Petroleum oils and oils obtained from bituminous | 7.8% |
| Monolithic integrated circuits, nes | 4.9% |
| Gold in unwrought forms non-monetary | 3.0% |
| Transmission apparatus, for radioteleph incorpo | 3.0% |
| Petroleum oils, etc, (excl. crude); preparation | 2.1% |
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