Thailand Trade April 2017

Thailand

Thailand: Exports decelerate but remain strong in April

May 31, 2017

In April, the trade balance recorded a USD 0.1 billion surplus. The reading was below the USD 0.7 billion surplus observed in the same month last year and also down from March’s USD 1.6 billion surplus. The 12-month sum of the trade balance recorded a USD 15.9 billion surplus in April, which was down from the USD 16.5 billion surplus seen in the previous month.

Exports in April rose 8.5% on an annual basis, below the 9.3% expansion in March and undershooting market analysts’ forecast of an 11.3% increase. Imports also slowed down in April, rising 13.4% after a 19.2% expansion in March.

In 2017, FocusEconomics Consensus Forecast panelists expect exports to increase 3.9% and they see the trade surplus reaching USD 29.0 billion. For 2018, panelists expect exports to expand 4.4% and the trade surplus to be USD 24.7 billion.


Author: Marlène Rump, Economist

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Thailand Trade12 April 2017

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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