Thailand Trade


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.

In 2015, 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 2016, panelists expect export growth to accelerate to 4.8% (USD 240.9 billion) and the surplus to narrow to USD 17.1 billion.

Author:, Senior Economist

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Thailand Trade Chart

Thailand Trade12m January 2015

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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