Thailand Trade Balance


Thailand: Trade balance records deficit on weak exports

May 28, 2014

In April, the trade balance recorded a USD 1.5 billion deficit, which was an improvement over the USD 4.5 billion shortfall observed in the same month last year. April’s result, however, contrasted the USD 1.5 surplus recorded in March.

Exports decreased 0.9% over the same month last year, which followed the 3.1% fall observed in March. The 12-month sum of exports fell from minus 1.3% in March to minus 1.6% in April. Imports deteriorated slightly from the 14.2% fall observed in March to a 14.6% decrease in April. April’s 12-month sum of imports fell to 7.6%, which was down from the 5.6% decrease tallied in March.

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 April 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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