Exports slowed in the wake of the European debt crisis and the strengthening of the bath. In June, exports expanded 16.4% over the same month last year to reach USD 20.8 billion. The expansion represented a slowdown compared to the 17.3% increase observed in May, but was broadly in line with market expectations of a 16.7% rise. However, shipments to Japan accelerated from a 30.4% year-on-year expansion in May to growth of 38.0% in June, as the Japanese automobile sector rebounds strongly from the production slump in the wake of the March disasters. Meanwhile, imports slowed from a 34.4% expansion in May to a 23.5% increase in June (USD 18.9 billion), driving the trade balance to a surplus of USD 1.9 billion, which was well above the surplus of USD 274 million registered in May. The Central Bank expects overseas shipments to expand 20.4% this year before slowing to 12.4% in 2012.
Thailand Trade Balance
Trade surplus widens in June amid slower imports
July 29, 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.