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.