Thailand: Exports rebound in February
April 1, 2016
In February, the trade balance recorded a USD 5.0 billion surplus, which was above the USD 400 million deficit observed in the same month of the previous year and the USD 200 million surplus registered in January. The 12-month moving sum of trade recorded a USD 17.0 billion surplus in February, which was slightly down from the USD 15.5 billion surplus seen in the previous month.
Exports in February increased 10.3% over the same month of the previous year, which contrasted the 8.9% decrease seen in January and marked the best result since January 2013. Imports dropped 16.8%, which was a deterioration over the 12.4% decrease seen in the previous month.
Author: Dirina Mançellari, Senior Economist