KEY INDICATORS

•   Thailand’s exports of goods and services in Q3 2019 decreased by 6.8% Y-o-Y, totaling USD 63.6 billion as a result of stronger Thai baht. Meanwhile, industrial products, which accounted for 80% of the total export value, increased by 5.95% Y-o-Y.

•   The net flow of Foreign Direct Investment (FDI) into the manufacturing sector in Q3 2019 was USD 0.66 billion, decreasing by 37.4% Y-o-Y from USD 1.05 billion in Q3 2018 and by 35.0% Q-o-Q from USD 1.01 billion in Q2 2019.

•   Serviced Industrial Land Plot (SILP) sales in Q3 2019 were 761 rai (301 acres or 122 hectares), surging by 631.9% Y-o-Y from 104 rai (41 acres or 17 hectares) in Q3 2018 and by 15.9% Q-o-Q from 657 rai (260 acres or 105 hectares) in Q2 2019.

•   The total supply of Ready Built Factories (RBFs) in Q3 2019 totalled 2.30 million sq. m., a decrease of 3.3% Y-o-Y, while the vacancy rate has improved to 26.0% compared to 27.8% in Q2 2019.

•   The total supply of Modern Logistics Properties (MLPs) in Q3 2019 increased to 3.71 million sq. m., an increase of 1.3% Q-o-Q and 4.3% Y-o-Y. Despite this increase, the vacancy rate has continued to drop, reaching its lowest point since 2013 of 12.0% in Q3 2019.