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Thailand Trade April 2023

Thailand: Merchandise exports fall at a quicker rate in April

Merchandise exports contracted 7.6% annually in April, following March’s 4.2% drop. Meanwhile, merchandise imports fell 7.3% in annual terms in April (March: -7.1% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.5 billion shortfall in April (March 2023: USD 2.7 billion surplus; April 2022: USD 1.5 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 19.0 billion deficit in April, compared to the USD 19.0 billion deficit in March.

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