Thailand Trade February 2016

Thailand

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.

In 2016, FocusEconomics Consensus Forecast panelists expect exports to increase 1.6% (USD 229.8 billion) and they see the trade surplus reaching USD 17.9 billion. For 2017, panelists expect export growth to accelerate to 4.8% (USD 240.9 billion) and the trade surplus to narrow to USD 17.1 billion.


Author:, Senior Economist

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Thailand Trade Chart


Thailand Trade12m February 2016

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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