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.
Author: Dirina Mançellari, Senior Economist