Thailand: Trade deficit narrows further in December
January 31, 2014
In December, the trade balance recorded a USD 280 million deficit, which followed the USD 560 million shortfall recorded in November. December's print came in above the USD 2.7 billion deficit tallied in the same month of the previous year.
Exports rebounded from a 4.1% drop in November to a 1.9% rise in December. The 12-month sum of exports fell from 1.0% in November to 0.1% in December. Imports deteriorated from an 8.6% decrease in November to a 9.9% fall in December. (December's 12-month sum of imports: +1.4% year-on-year).
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