Thailand Trade


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.

In 2014, FocusEconomics Consensus Forecast panelists expect exports to increase 4.4% to USD 236.2 billion. For 2015, panelists expect export growth to accelerate to 6.6%, which will push overseas sales to USD 251.8 billion.

Author:, Senior Economist

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Thailand Trade Chart

Thailand Trade12m July 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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