Thailand: Merchandise exports rise at a faster pace in February
Merchandise exports soared 16.2% over the same month last year in February, following January’s 8.0% increase. Meanwhile, merchandise imports climbed 16.8% on an annual basis in February (January: +20.5% yoy), marking the weakest reading since March 2021.
As a result, the merchandise trade balance improved from the previous month, recording a USD 0.1 billion surplus in February (January 2022: USD 2.5 billion deficit; February 2021: USD 0.2 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 1.0 billion surplus in February, compared to the USD 1.1 billion surplus in January.