In December, exports rose 18.6% over the same month the previous year to reach USD 17.2 billion, according to data released by the Central Bank. While growth remained strong, it decelerated compared to the 28.7% expansion observed in November, but still overshot market analyst expectations, which had seen exports growing 16.3%. Meanwhile, imports decelerated sharply over the previous month. After mushrooming 35.0% in November, growth slowed to 8.8% in December, which marked the slowest pace since November 2009. As a result, the trade surplus widened from USD 490 million in November to USD 1.3 billion in December. For the full year 2010, exports expanded 28.5% and imports surged 36.8%, which in both cases marked the fastest pace on record. Going forward, export growth is likely to weaken somewhat this year, amid slower demand growth in China, which is the most important export destination for Thailand.
Thailand Trade Balance
Trade surplus widens in December
January 31, 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.