Thailand: Exports decelerate but remain strong in April
May 31, 2017
In April, the trade balance recorded a USD 0.1 billion surplus. The reading was below the USD 0.7 billion surplus observed in the same month last year and also down from March’s USD 1.6 billion surplus. The 12-month sum of the trade balance recorded a USD 15.9 billion surplus in April, which was down from the USD 16.5 billion surplus seen in the previous month.
Exports in April rose 8.5% on an annual basis, below the 9.3% expansion in March and undershooting market analysts’ forecast of an 11.3% increase. Imports also slowed down in April, rising 13.4% after a 19.2% expansion in March.