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.
Author: Jan Lammersen, Economist