Trade Balance in Thailand
Thailand - Trade Balance
Exports rebound in March
In March, the trade balance recorded a USD 1.6 billion surplus. The reading was below the USD 3.0 billion surplus observed in the same month last year but mirrored February’s figure. The 12-month sum of the trade balance recorded a USD 16.5 billion surplus in March, which was down from the USD 17.9 billion surplus seen in the previous month.
Exports in March rose 9.2% on an annual basis, contrasting the 2.8% decrease seen in February and well above market analysts’ forecast of a 1.9% increase. Imports recorded another month of buoyant growth, rising 19.3% in March (February: +20.4% year-on-year).
In 2017, FocusEconomics Consensus Forecast panelists expect exports to increase 3.6% and they see the trade surplus reaching USD 30.9 billion. For 2018, panelists expect exports to expand 3.8% and the trade surplus to be USD 28.0 billion.
Thailand - Trade Balance Data
|Trade Balance (USD billion)||31.2||26.5||12.2||0.1||0.2|
5 years of economic forecasts for more than 30 economic indicators.
Thailand Trade Balance Chart
Source: Bank of Thailand and FocusEconomics calculations.
|Bond Yield||2.67||-0.74 %||Apr 05|
|Exchange Rate||34.46||0.31 %||Apr 05|
|Stock Market||1,582||-0.11 %||Apr 05|
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April 24, 2017
In March, the trade balance recorded a USD 1.6 billion surplus.
April 3, 2017
In March, consumer prices in Thailand declined 0.46% on a month-on-month basis, contrasting the 0.04% increase recorded in February.
March 31, 2017
In February, the trade balance recorded a USD 1.6 billion surplus.
March 30, 2017
In February, manufacturing production decreased 1.5% from the same month last year, which contrasted the 2.2% rise in January and marked the worst result in seven months.
March 29, 2017
At its 29 March monetary policy meeting, the Bank of Thailand (BoT) unanimously decided to keep the one-day repurchase rate at 1.50%, where it has been for nearly two years.