Thailand: Exports contract in February
March 31, 2017
In February, the trade balance recorded a USD 1.6 billion surplus. The reading was below the USD 5.0 billion surplus observed in the same month last year but doubled the surplus recorded in January. The 12-month sum of the trade balance recorded a USD 17.9 billion surplus in February, which was down from the USD 21.3 billion surplus seen in the previous month.
Exports in February fell 2.8% on an annual basis, contrasting the 8.8% increase seen in January, but still above market analysists’ forecast of a 4.0% drop. Conversely, imports jumped from a 5.2% increase in January to a 20.4% rise in February.