Thailand: Exports swing to contraction in April
June 7, 2016
In April, the trade balance recorded a USD 0.7 billion surplus, which contrasted the USD 0.5 billion deficit observed in the same month of the previous year, but was below the USD 3.0 billion surplus registered in March. The 12-month moving sum of trade recorded a USD 19.7 billion surplus in April, which was up from the USD 18.4 billion surplus seen in the previous month.
Exports in April decreased 8.0% over the same month of the previous year, which was a deceleration compared to the 1.3% decrease seen in March and marked the worst result since January 2013. Imports dropped 14.9%, which was down from the 6.9% decrease seen in the previous month.
Author: Dirina Mançellari, Senior Economist