Thailand: Trade balance records surplus again in March
April 30, 2014
In March, the trade balance recorded a USD 1.5 billion surplus, which contrasted the USD 1.0 billion shortfall observed in the same month last year. March's result followed the USD 1.8 surplus tallied in February.
Exports fell 3.1% over the same month last year, which contrasted the 2.4% increase observed in February. The 12-month sum of exports fell from minus 0.8% in February to minus 1.3% in March. Imports improved from the 16.6% fall observed in February to a 14.2% decrease in March. March's 12-month sum of imports was stable at February's 5.6%.
In 2014, FocusEconomics Consensus Forecast panelists expect exports to increase 3.4% to USD 237 billion. For 2015, panelists expect export growth to accelerate to 8.2%, which will push overseas sales to USD 256 billion.
Author: Dirina Mançellari, Senior Economist