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.
Author: Dirina Mançellari, Senior Economist