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%.
Author: Dirina Mançellari, Senior Economist