A beach town in Thailand

Thailand Trade January 2024

Thailand: Merchandise exports increase at a faster pace in January

Merchandise exports climbed 7.4% on an annual basis in January, on the heels of December’s 3.1% increase. January’s outturn marked the strongest outturn since September 2022. Meanwhile, merchandise imports rose 1.7% over the same month last year in January (December: -1.6% yoy).

That said, the merchandise trade balance deteriorated from the previous month, recording a USD 1.1 billion deficit in January (December 2020: USD 2.3 billion surplus; January 2023: USD 2.2 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 18.1 billion surplus in January, compared to the USD 17.0 billion surplus in December.

Commenting on the outlook for the tourism sector, UOB’s Enrico Tanuwidjaja and Sathit Talaengsatya stated:

“In the periods ahead, Thailand’s tourism is expected to record a strong rebound supported by key tailwinds from government policies such as the visa-free measures and plans to organize year-round tourism events, on the back of the normalization of cross-border airline capacity.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest