Thailand Trade January 2017

Thailand

Thailand: Export growth accelerates in January

February 28, 2017

In January, the trade balance recorded a USD 0.8 billion surplus. The reading was above the USD 0.2 billion surplus observed in the same month last year but a notch below the USD 0.9 billion surplus registered in December. The 12-month sum of the trade balance recorded a USD 21.3 billion surplus in January, which was slightly up from the USD 20.7 billion surplus seen in the previous month.

Exports in January grew 8.8% on an annual basis, accelerating from the 6.2% increase seen in December. The reading was below the 9.9% rise that market analysts had expected. Imports slowed down and grew 5.2% in January (December: +10.3% year-on-year), undershooting the 11.9% increase that analysts had expected

In 2017, FocusEconomics Consensus Forecast panelists expect exports to increase 1.5% and they see the trade surplus reaching USD 28.4 billion. For 2018, panelists expect exports to expand 1.8% and the trade surplus to be USD 25.5 billion.


Author: Marlène Rump, Economist

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Thailand Trade12m January 2017 0

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Bank of Thailand (BoT) and FocusEconomics calculations.


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