Thailand Trade July 2016


Thailand: Exports record a sharp fall in July

August 31, 2016

In July, the trade balance recorded a USD 0.8 billion surplus, which mirrored the USD 0.8 billion surplus observed in the same month of the previous year but was well below the USD 2.0 billion surplus registered in the previous month. The 12-month moving sum of trade recorded a USD 20.7 billion surplus in July, which was up from the USD 20.6 billion surplus seen in the previous month.

Exports in July decreased 6.4% over the same month of the previous year, deteriorating over the 0.1% drop observed in the previous month. Imports fell a softer 7.2% in July after recording a 10.1% decrease in June.

In 2016, FocusEconomics Consensus Forecast panelists expect exports to decrease 1.8% (USD 208 billion) and they see the trade surplus reaching USD 33.3 billion. For 2017, panelists expect exports to rebound and expand 1.6% (USD 211 billion) and the trade surplus to decline to 30.6 USD billion.

Author: Marlène Rump, Senior Data Analyst

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Thailand Trade Chart

Thailand Trade12m July 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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