Thailand Trade April 2016

Thailand

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.

In 2016, FocusEconomics Consensus Forecast panelists expect exports to increase 1.6% (USD 229.8 billion) and they see the trade surplus reaching USD 17.9 billion. For 2017, panelists expect export growth to accelerate to 4.8% (USD 240.9 billion) and the trade surplus to narrow to USD 17.1 billion.


Author:, Senior Economist

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Thailand Trade Chart


Thailand Trade12m April 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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