Thailand Trade

Thailand

Thailand: Trade surplus widens in September

October 30, 2015

In September, the trade balance recorded a USD 2.8 billion surplus, which contrasted the USD 1.8 billion deficit registered in the same month last year and overshot the USD 0.7 billion surplus observed in August. The 12-month moving sum of trade recorded a USD 9.3 billion surplus in September, which was up from the USD 4.7 billion surplus seen in the previous month.

Exports in September dropped 5.5% over the same month last year, which was up from the 6.7% decrease seen in August. Moreover, imports dropped 26.2%, which was a significant deterioration over the 4.8% decrease seen in August.

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 September 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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