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.
Author: Dirina Mançellari, Senior Economist