Thailand: Exports contract further in October
November 30, 2015
In October, the trade balance recorded a USD 2.1 billion surplus, which was an improvement over the USD 0.1 billion surplus registered in the same month last year and undershot the USD 2.8 billion surplus observed in September. The 12-month moving sum of trade recorded a USD 11.3 billion surplus in October, which was up from the USD 9.3 billion surplus seen in the previous month.
Exports in September dropped 8.1% over the same month last year, which was down from the 5.5% decrease seen in September. Moreover, imports dropped 18.2%, which was a significant improvement over the 26.2% decrease seen in the previous month.
Author: Dirina Mançellari, Senior Economist