In June, exports dropped 4.2% over the same month last year to USD 19.8 billion, which contrasted the 7.7% expansion tallied in May and surprised market analysts, who had exports slowing down to 4.5%. The decline mainly reflected a deterioration in overseas sales of agricultural products, particularly of rice (-50.1% year-on-year). In addition, shipments of manufacturing products, especially electronics, declined compared to the previous month. Imports increased 2.6% in June to USD 20.3 billion, which marked a notable deceleration compared to the 18.2% expansion recorded in May. The anaemic increase was broad-based and was mainly the result of a sharp slowdown in imports of durable and capital goods. The trade balance incurred a deficit of USD 0.6 billion in June, which contrasted the USD 0.8 billion recorded in the same month last year.
Thailand Trade Balance
Exports unexpectedly decline in June
July 31, 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.