Thailand: Export growth accelerates in January
February 28, 2017
In January, the trade balance recorded a USD 0.8 billion surplus. The reading was above the USD 0.2 billion surplus observed in the same month last year but a notch below the USD 0.9 billion surplus registered in December. The 12-month sum of the trade balance recorded a USD 21.3 billion surplus in January, which was slightly up from the USD 20.7 billion surplus seen in the previous month.
Exports in January grew 8.8% on an annual basis, accelerating from the 6.2% increase seen in December. The reading was below the 9.9% rise that market analysts had expected. Imports slowed down and grew 5.2% in January (December: +10.3% year-on-year), undershooting the 11.9% increase that analysts had expected