Thailand Trade September 2016

Thailand

Thailand: Exports decelerate in September

In September, the Thai trade balance recorded a USD 2.6 billion surplus, which was below the USD 2.8 billion surplus observed in the same month of the previous year and but higher than the USD 2.1 billion surplus registered in August. The 12-month sum of the trade balance recorded a USD 21.8 billion surplus in September, which was down from the USD 22.1 billion surplus seen in the previous month.

Exports in September increased 3.4% from the same month of the previous year, decelerating from the 6.5% expansion seen in August. Imports rebounded and grew 5.6% in September, the fastest rise in two years, after recording a 1.5% decrease in August.

In 2016, FocusEconomics Consensus Forecast panelists expect exports to decrease 1.4% and they see the trade surplus reaching USD 34.7 billion. For 2017, panelists expect exports to rebound and expand 1.9%.


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Thailand Trade Chart


Thailand Trade12m September 2016 1

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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