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.
Author: Dirina Mançellari, Senior Economist