Thailand: Exports contract more in January
March 1, 2016
In January, the trade balance recorded a USD 200 million surplus, which contrasted the USD 400 million deficit observed in the same month of the previous year and undershot the USD 1.5 billion surplus registered in December. The 12-month moving sum of trade recorded a USD 12.4 billion surplus in January, which was slightly up from the USD 11.7 billion surplus seen in the previous month.
Exports in January dropped 8.9% over the same month of the previous year, which was a drop from the 8.7% decrease seen in December. Imports dropped 12.4%, which was a deterioration over the 9.2% decrease seen in the previous month.
Author: Dirina Mançellari, Senior Economist