Thailand Trade March 2017


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).

In 2017, FocusEconomics Consensus Forecast panelists expect exports to increase 3.6% and they see the trade surplus reaching USD 30.9 billion. For 2018, panelists expect exports to expand 3.8% and the trade surplus to be USD 28.0 billion.

Author: Marlène Rump, Senior Data Analyst

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Thailand Trade Chart

Thailand Trade12m March 2017

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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