Thailand: Exports improve in October
November 29, 2013
In October, the trade balance recorded a USD 1.8 billion deficit, which contrasted the USD 470 million surplus recorded in September. October's shortfall was, however, below the USD 2.8 billion deficit tallied in the same month last year.
Exports fell 0.7% in October (September: -7.1% year-on-year) and the 12-month sum of exports fell to 3.7% (September: +5.0%). In addition, imports decelerated from a 5.2% decrease in September to a 5.4% fall in October (12-month sum of imports: +4.8% yoy).
In 2013, FocusEconomics Consensus Forecast panelists expect exports to increase 3.4% to USD 237 billion. For 2014, panelists expect export growth to accelerate to 8.2%, which will push overseas sales to USD 256 billion.
Author: Dirina Mançellari, Senior Economist