Thailand Trade


Thailand: Trade balance records deficit on falling exports

December 30, 2014

In November, the trade balance recorded a USD 80 million deficit, which was an improvement over the 560 million deficit observed in the same month the previous year, but contrasted the 30 million surplus registered in October. The 12-month moving sum of the trade deficit rose from USD 2.5 billion in October to USD 2.0 billion in November, which represented the highest level since November 2011.

Exports in November fell 1.0% over the same month of the previous year, which contrasted the 4.0% increase observed in the previous month. However, imports fell 3.5% in November, which was an improvement over the 4.9% decrease seen in October.

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 November 2014

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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