In November, exports rose 28.7% over the same month the year before to reach USD 17.6 billion, according to data released by the Central Bank. The reading marked the fastest pace of growth in five months, and came in well above the 16.6% increase observed in October, as well as market expectations of a 21.0% increase. The better-than-expected overseas sales figure was fanned by strong shipments to China, the United States and the European Union. Imports soared 35.0% in November reaching USD 17.1 billion, well above the 14.4% expansion registered in October. As a result, the trade balance surplus shrank from USD 2.3 billion in October to USD 490 million in November. With the growth recorded in November, the moving 3-month export sum reached USD 52.6 billion, remaining above the pre-crisis peak of USD 49.8 billion recorded in August 2008 for the second consecutive month.
Thailand Trade Balance
Trade surplus shrinks in November
December 30, 2010
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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.