Thailand: Exports rebound in March
April 24, 2017
In March, the Thai trade balance recorded a USD 1.6 billion surplus. The reading was below the USD 3.0 billion surplus observed in the same month last year but mirrored February’s figure. The 12-month sum of the trade balance recorded a USD 16.5 billion surplus in March, which was down from the USD 17.9 billion surplus seen in the previous month.
Exports in March rose 9.2% on an annual basis, contrasting the 2.8% decrease seen in February and well above market analysts’ forecast of a 1.9% increase. Imports recorded another month of buoyant growth, rising 19.3% in March (February: +20.4% year-on-year).