Thailand: Trade surplus narrows in August
October 1, 2015
In August, the trade balance recorded a USD 0.7 billion surplus, which was below both the USD 1.1 billion surplus recorded in the same month last year and the USD 0.8 billion surplus observed in July. The 12-month moving sum of trade recorded a USD 4.7 billion surplus in August, which was down from the USD 5.1 billion surplus seen in the previous month.
Exports in August dropped 6.7% over the same month last year, which was a deterioration over the 3.6% decrease seen in July. Moreover, imports dropped 4.8%, which was an improvement over the 12.7% decrease seen in July.
Author: Dirina Mançellari, Senior Economist