Thailand: Trade balance records biggest deficit in four months
February 27, 2015
In January, the trade balance recorded a USD 0.5 billion deficit, which was an improvement over the USD 2.6 billion shortfall recorded in the same month last year, but contrasted December’s USD 1.6 billion surplus. The figure marked the biggest deficit in four months. The 12-month moving sum of trade recorded a USD 1.7 billion surplus in January, which contrasted the USD 400 million seen in the previous month and marked the highest reading since September 2011.
Exports in January fell 3.5% over the same month last year, which contrasted the 1.9% increase observed in the previous month. In addition, imports fell 13.3% in January, which was a deterioration over the 8.7% decrease seen in December.
Author: Dirina Mançellari, Senior Economist