In January, exports rose 21.4% over the same month last year to USD 16.5 billion, according to data released by the Central Bank. The reading, was faster than the 18.6% expansion tallied in December. Meanwhile, imports posted a marked rebound over the previous month. After tumbling 8.8% in December, imports bounced back to a 31.2% expansion in January. As a result, the trade balance incurred a deficit of USD 588 million, which contrasted the surplus of USD 1.3 billion observed in December. Despite the strong January reading, the moving 3-month export sum dropped to USD 51.3 billion from USD 51.8 billion in December. That said, exports remain above the pre-crisis peak of USD 49.8 billion recorded the three months up to August 2008 and bounced back more than 50% from the USD 33.2 billion trough registered in the three months up to May 2009. Going forward, export growth is likely to weaken somewhat this year, amid slower demand growth from China, which represents the most important export destination for Thailand.
Thailand Trade Balance
Exports continue to grow at vigorous pace in January
February 28, 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.