Thailand Trade January 2016

Thailand

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.

In 2016, 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 2017, 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 January 2016

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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