Exports in Thailand
Thailand - Exports
Export growth contracts but trade balance remains in surplus in September
Thailand recorded a USD 487 million trade surplus in September, contrasting August’s USD 588 million deficit but noticeably below the USD 3.4 billion surplus recorded in the same month a year earlier. The 12-month moving sum of the trade balance narrowed markedly from a USD 7.7 billion surplus in August to a USD 4.7 billion surplus in September, the lowest reading since August 2015.
Exports contracted a marked 5.2% in September over a year ago in USD terms, contrasting the previous month’s 6.7% year-on-year increase. The contraction was driven by less exports of motor cars; precious stones and jewelry; rubber products; and electronic integrated circuits. Meanwhile, import growth slowed markedly from 22.8% in August to 9.9% in September.
FocusEconomics panelists expect exports to expand 5.1% in 2019. The panel sees imports increasing 7.2% in 2019, which would bring the trade surplus to USD 21.9 billion. In 2020, exports and imports are expected to increase 5.7% and 6.9% respectively, with a trade surplus of USD 20.2 billion.
Thailand - Exports Data
|Exports (USD billion)||228||227||214||214||235|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||2.75||0.0 %||Nov 09|
|Exchange Rate||32.97||0.17 %||Nov 09|
|Stock Market||1,669||-1.41 %||Nov 09|
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November 5, 2018
Consumer prices inched up 0.06% over the previous month in October, down from the 0.29% price increase in September.
October 30, 2018
Manufacturing output contracted 2.6% year-on-year in September, contrasting a slightly revised 0.8% expansion in August (previously reported: +0.7% year-on-year) and below market expectations of a more moderate 0.5% drop.
October 24, 2018
Thailand recorded a USD 487 million trade surplus in September, contrasting August’s USD 588 million deficit but noticeably below the USD 3.4 billion surplus recorded in the same month a year earlier.
October 1, 2018
Thai consumer prices increased 0.29% over the previous month in September, up slightly from August’s 0.26% rise.
September 27, 2018
Manufacturing output growth slowed to 0.7% year-on-year in August, down noticeably from July’s upwardly revised 4.9% (previously reported: +4.6% year-on-year) and marking the weakest reading since April 2017.