Thailand Trade

Thailand

Thailand: Trade balance records deficit on sharp rise in imports

September 30, 2014

In September, the trade balance recorded a USD 1.8 billion deficit, which contrasted both the USD 0.3 billion surplus observed in the same month last year and the USD 1.2 billion surplus recorded in August.

Exports in August rose 3.2% over the same month last year, which contrasted the 7.4% fall observed in the previous month. In addition, imports jumped to a 14.4% increase in September, which contrasted the 14.2% decrease recorded in August and marked the fastest rise since January 2013.

In 2014, FocusEconomics Consensus Forecast panelists expect exports to increase 1.6% (USD 229.8 billion) and they see trade surplus reaching USD 17.9 billion. For 2015, 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 September 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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