Thailand: Exports decelerate in September
October 31, 2016
In September, the Thai trade balance recorded a USD 2.6 billion surplus, which was below the USD 2.8 billion surplus observed in the same month of the previous year and but higher than the USD 2.1 billion surplus registered in August. The 12-month sum of the trade balance recorded a USD 21.8 billion surplus in September, which was down from the USD 22.1 billion surplus seen in the previous month.
Exports in September increased 3.4% from the same month of the previous year, decelerating from the 6.5% expansion seen in August. Imports rebounded and grew 5.6% in September, the fastest rise in two years, after recording a 1.5% decrease in August.