Thailand: Trade balance records widest deficit in three months
July 31, 2014
In July, the trade balance recorded a USD 1.1 billion shortfall, which was an improvement over the USD 1.5 billion deficit observed in the same month last year. However, July’s result contrasted the USD 1.8 billion surplus recorded in June and marked the widest trade deficit in three months.
Exports fell 0.9% over the same month last year in July, which contrasted the 3.9% increase observed in the previous month. The 12-month sum of exports rose from minus 0.8% in June to minus 0.7% in July. Imports improved from the 14.0% fall observed in June to a 2.9% decrease in July. July’s 12-month sum of imports inched down from the minus 9.6% recorded in June to minus 9.7%, the lowest figure since February 2010.
Author: Dirina Mançellari, Senior Economist