Merchandise exports decline in June
Merchandise exports fell 6.4% in annual terms in June (May: -4.6% year-on-year). Meanwhile, merchandise imports dived 10.3% in annual terms in June (May: -3.2% yoy), marking the weakest result since December 2022.
As a result, the merchandise trade balance improved from the previous month, recording a USD 0.1 billion surplus in June (May 2023: USD 1.8 billion deficit; June 2022: USD 1.1 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 16.3 billion deficit in June, compared to the USD 17.4 billion deficit in May.
Thailand Exports Chart
Thailand Exports Data
|Merchandise Exports (USD bn)||251||243||227||271||285|
|Exports (G&S, ann. var. %)||3.4||-3.0||-19.7||11.1||6.8|
|Merchandise Exports (ann. var. %)||7.6||-3.3||-6.5||19.3||5.2|