Exports accelerated in July, boosted by increasing demand for agricultural products and a recovery in automobile shipments to Japan. In July, exports expanded 36.4% over the same month last year. The expansion, which represented the fastest pace since June 2010, was above the 16.4% increase tallied in June and broadly in line with market expectations of a 37.4% increase. The main driver behind the July expansion was stronger shipments of agricultural exports (+53.5% year on-year). Meanwhile, exports of automobile and automobile parts continued to recover and grew 15.6%. Overseas sales to Japan ? Thailand's largest trading partner ? rose 23.0%, as the country recovers from the impact of the 11 March disasters. Meanwhile, imports slowed from a 23.5% increase in June to a 13.1% expansion in July, pushing the trade balance to a surplus of USD 2.7 billion, which was above the USD 1.9 billion observed in June. Despite the fact that the faltering U.S. and European economies are clouding the export outlook, the Central Bank expects Thailand's overseas shipments will to expand 22.4% this year before slowing to 12.4% in 2012.
Thailand Trade Balance
Exports accelerate at fastest pace in more than year
August 31, 2011
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Thailand Economic News
October 17, 2016
On 13 October, Thailand’s beloved King Bhumibol Adulyadej died after a 70-year reign and his successor, Crown Prince Maha Vajiralongkorn, has declared his wish to wait until he ascends the throne.
October 4, 2016
In September, consumer prices inched up 0.04% from the previous month, which contrasted the 0.04% decrease observed in August and overshot market expectations of a 0.1% increase.
September 30, 2016
In August, the trade balance recorded a USD 2.1 billion surplus, which was above the USD 0.7 billion surplus observed in the same month of the previous year and was also higher than the USD 0.8 billion surplus registered in July.
September 30, 2016
In August, manufacturing production increased 3.1% over the same month last year, which was a sharp upswing from the 5.0% contraction seen in July and marked the highest reading in over three years.
September 14, 2016
At its 14 September monetary policy meeting, the Bank of Thailand (BoT) decided unanimously to keep the one-day repurchase rate at 1.50% as the markets had expected. In its press release, the Bank commented that the Thai economy had accelerated in the second quarter on the back of strong private consumption and resilient public expenditure.