Thailand Trade April 2019

Thailand

Thailand: Exports fall again in April

May 23, 2019

Thailand recorded a trade deficit of USD 1.5 billion in April, swinging from a USD 2.0 billion surplus in March; the 12-month moving sum of the trade balance narrowed from a USD 3.0 billion surplus in March to a USD 2.6 billion surplus.

In March, exports fell 2.6% year-on-year (March: -4.9% year-on-year) while imports dropped 0.7% year-on-year (March: -7.6% yoy). The drop in exports came on the back of noticeable falls in outbound shipments of vehicles and parts; automatic data processing machines and parts; rubber products; and, precious stones and jewelry. On the other hand, there was a near doubling in exports of fruits.

FocusEconomics panelists expect exports to expand 2.9% in 2019. The panel sees imports increasing 5.2% in 2019, which would bring the trade surplus to USD 19.0 billion. In 2020, exports and imports are expected to increase 4.0% and 5.0% respectively, with a trade surplus of USD 17.3 billion.


Author:, Economist

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Thailand Trade12 April 2019 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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