Thailand Trade

Thailand

Thailand: Trade balances out in October

November 28, 2014

In October, trade was balanced, which marked an improvement over the USD 1.8 billion deficit observed in September and the USD 1.8 billion deficit recorded in the same month last year.

Exports in October rose 4.0% over the same month last year, which was up from the 3.2% increase observed in September and marked the fastest rise since January 2013. Contrary, imports fell 4.9% in October, which contrasted the 14.4% increase observed in the previous month.

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 Trade12m October 2014 0

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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