Thailand Trade February 2017


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.

In 2017, FocusEconomics Consensus Forecast panelists expect exports to increase 2.2% and they see the trade surplus reaching USD 30.7 billion. For 2018, panelists expect exports to expand 2.4% and the trade surplus to be USD 27.9 billion.

Author: Marlène Rump, Senior Data Analyst

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Thailand Trade Chart

Thailand Trade12m February 2017 0

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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