Thailand Trade

Thailand

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.

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 August 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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