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.
Author: Dirina Mançellari, Senior Economist