Thailand: Trade deficit shrinks in April
June 2, 2015
In April, the trade balance recorded a USD 0.5 billion shortfall, which was an improvement over the USD 1.5 billion deficit observed in the same month last year but contrasted the USD 1.5 billion surplus seen in the previous month. The 12-month moving sum of trade recorded a USD 1.6 billion surplus in April, which followed the USD 0.6 billion surplus seen in the previous month.
Exports in April fell 1.7% over the same month last year, which was an improvement over March’s 4.4% decrease. In addition, imports dropped 6.8% year-on-year, which was down from the 5.9% drop seen in March.
Author: Dirina Mançellari, Senior Economist