Thailand Trade


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.

In 2015, FocusEconomics Consensus Forecast panelists expect exports to increase 1.6% (USD 229.8 billion) and they see the trade surplus reaching USD 17.9 billion. For 2016, panelists expect export growth to accelerate to 4.8% (USD 240.9 billion) and the trade surplus to narrow to USD 17.1 billion.

Author:, Senior Economist

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Thailand Trade Chart

Thailand Trade12m October 2015

Note: 12-month sum of trade balance in USD billion and annual variation of the 12-month sum of exports and imports in %.
Source: Bank of Thailand (BoT) and FocusEconomics calculations.

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