Thailand Trade Balance

Thailand

Thailand: Trade balance improves in May

June 30, 2014

In May, the trade balance recorded a USD 0.8 billion deficit, which marked an improvement over the USD 2.5 billion shortfall observed in the same month last year. In addition, May’s result was up from the USD 1.5 shortfall recorded in April.

Exports decreased 2.1% over the same month last year in May, which followed the 0.9% fall observed in the previous month. The 12-month sum of exports inched up from minus 1.6% in April to minus 1.4% in May. Imports improved from the 14.5% fall observed in April to a 9.3% decrease in May. May’s 12-month sum of imports fell from minus 7.6% in April to minus 8.1%.

In 2014, FocusEconomics Consensus Forecast panelists expect exports to increase 4.4% to USD 236.2 billion. For 2015, panelists expect export growth to accelerate to 6.6%, which will push overseas sales to USD 251.8 billion.


Author:, Senior Economist

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Thailand Trade Balance Chart


Thailand Trade12m May 2014

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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