Thailand Trade August 2016

Thailand

Thailand: Exports record a steep upswing in August

September 30, 2016

In August, the trade balance recorded a USD 2.1 billion surplus, which was above the USD 0.7 billion surplus observed in the same month of the previous year and was also higher than the USD 0.8 billion surplus registered in July. The trade balance recorded a USD 22.1 billion surplus in August, which was up from the USD 20.7 billion surplus seen in the previous month.

Exports in August increased 6.5% over the same month of the previous year, rebounding from the 6.4% drop in July. Imports fell a softer 1.5% in August after recording a 7.2% decrease in July.

In 2016, FocusEconomics Consensus Forecast panelists expect exports to decrease 1.4% and they see the trade surplus reaching USD 34.7 billion. For 2017, panelists expect exports to rebound and expand 1.9%.


Author: Marlène Rump, Senior Data Analyst

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Thailand Trade Chart


Thailand Trade12m August 2016 0

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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