Thailand Trade

Thailand

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.

In 2015, FocusEconomics Consensus Forecast panelists expect exports to increase 1.6% (USD 229.8 billion) and they see the trade surplus reaching USD 17.9 billion. For 2016, 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 Trade Chart


Thailand Trade12m April 2015

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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