Thailand Trade

Thailand

Thailand: Trade surplus narrows on rebounding imports

March 31, 2015

In February, the trade balance recorded a USD 0.4 billion surplus, which was a deterioration over the USD 1.8 billion surplus observed in the same month last year, but was better than the USD 0.5 billion shortfall recorded in January. The 12-month moving sum of trade recorded a USD 0.4 billion surplus in February, which followed the USD 1.7 billion surplus seen in the previous month.

Exports in February fell 6.1% over the same month last year, which followed the 3.5% decrease observed in the previous month. In addition, imports rose 1.5% in February, which contrasted January’s 13.3% drop and marked the fastest increase in five months.

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 February 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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