Thailand Trade

Thailand

Thailand: Trade records surplus in May

June 30, 2015

In May, the trade balance recorded a USD 2.4 billion surplus, which contrasted both the USD 0.6 billion deficit observed in the same month last year and the USD 0.5 billion surplus seen in the previous month. The 12-month moving sum of trade recorded a USD 4.8 billion surplus in May, which followed the USD 1.8 billion surplus seen in the previous month.

Exports in May dropped 5.0% over the same month last year, which was a deterioration over the 1.7% decrease seen in the previous month. In addition, imports fell 20.0% year-on-year, which was down from the 6.8% drop seen in April.

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 May 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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