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.
Author: Dirina Mançellari, Senior Economist