Thailand Trade Balance

Thailand

Thailand: Exports continue to grow at vigorous pace in January

February 28, 2011

In January, exports rose 21.4% over the same month last year to USD 16.5 billion, according to data released by the Central Bank. The reading, was faster than the 18.6% expansion tallied in December. Meanwhile, imports posted a marked rebound over the previous month. After tumbling 8.8% in December, imports bounced back to a 31.2% expansion in January. As a result, the trade balance incurred a deficit of USD 588 million, which contrasted the surplus of USD 1.3 billion observed in December. Despite the strong January reading, the moving 3-month export sum dropped to USD 51.3 billion from USD 51.8 billion in December. That said, exports remain above the pre-crisis peak of USD 49.8 billion recorded the three months up to August 2008 and bounced back more than 50% from the USD 33.2 billion trough registered in the three months up to May 2009. Going forward, export growth is likely to weaken somewhat this year, amid slower demand growth from China, which represents the most important export destination for Thailand.


Author:, Senior Economist

Sample Report

Looking for forecasts related to Trade Balance in Thailand? Download a sample report now.

Download




Thailand Economic News

  • Thailand: Inflation inches down in May

    June 4, 2019

    Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.

    Read more

  • Thailand: Manufacturing output rebounds in April

    May 28, 2019

    Manufacturing production rose 2.0% year-on-year in April, swinging from a revised 2.7% contraction in March (previously reported: -2.5% year-on-year).

    Read more

  • Thailand: Exports fall again in April

    May 23, 2019

    Thailand recorded a trade deficit of USD 1.5 billion in April, swinging from a USD 2.0 billion surplus in March; the 12-month moving sum of the trade balance narrowed from a USD 3.0 billion surplus in March to a USD 2.6 billion surplus.

    Read more

  • Thailand: Economic growth moderates to near five-year low in Q1

    May 21, 2019

    Economic growth decelerated to 2.8% year-on-year in the first quarter of 2019, down from the 3.6% annual expansion logged in Q4 last year and the lowest reading in nearly half a decade.

    Read more

  • Thailand: Inflation stable in April at lower end of Central Bank’s target range

    May 16, 2019

    Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear. Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting.

    Read more

More news

Search form