In October, the trade balance recorded a USD 2.5 billion deficit. The figure was below the USD 1.2 billion shortfall recorded in the same month last year and marked, in fact, the lowest level in six months. As a result, the trade balance 12-month sum up to October recorded a USD 19.5 billion deficit (September: USD 18.2 billion). Exports climbed 15.6% over the same month last year, which marked a notable acceleration compared to the 0.2% increase recorded in September. The figure represents, in fact, the fastest pace since September 2011, but fell short of market expectations that had shipments rising 20%. Consequently, the 12-month sum of exports up to October dropped 0.9%, which, nonetheless, marked an improvement over the 2.3% decline observed in September. Meanwhile, imports jumped 21.6% year-on-year in October, which contrasted the 7.7% drop observed in September and marked the strongest expansion since March. As a result, the moving 12-month sum in imports increased 8.0% in October (September: +8.0% year-on-year).
Thailand Trade Balance
Exports grow at fastest pace in over a year
November 30, 2012
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Thailand Trade Balance Chart
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.