Thailand Trade October 2016

Thailand

Thailand: Exports slip in October

November 30, 2016

In October, the trade balance recorded a USD 0.3 billion surplus, the lowest result in nine months. The reading was below the USD 2.1 billion surplus observed in the same month of the previous year and the USD 2.6 billion surplus registered in September. The 12-month sum of the trade balance recorded a USD 20.0 billion surplus in October, which was down from the USD 21.8 billion surplus seen in the previous month.

Exports in October decreased 4.2% from the same month of the previous year, contrasting the 3.4% expansion seen in September. Imports accelerated and grew 6.5% in October, the fastest rise in over two years, after recording a 5.6% decrease in September.

In 2017, FocusEconomics Consensus Forecast panelists expect exports to decrease 0.1% and they see the trade surplus reaching USD 30.3 billion. For 2018, panelists expect exports to rebound and expand 0.8%.


Author: Marlène Rump, Senior Data Analyst

Sample Report

Looking for forecasts related to Trade in Thailand? Download a sample report now.

Download

Thailand Trade Chart


Thailand Trade12m October 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.


Thailand Economic News

More news

Search form