A beach town in Thailand

Thailand External Debt (USD bn)

Merchandise exports contract at softer pace in January

Merchandise exports fell 4.5% annually in January, following December’s 12.9% decrease. Meanwhile, merchandise imports expanded 5.5% in annual terms in January (December: -10.0% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 4.7 billion deficit in January (January 2022: USD 2.4 billion deficit; December 2022: USD 1.0 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 18.4 billion deficit in January, compared to the USD 16.1 billion deficit in December.

Thailand External Debt (USD bn) Data

2017 2018 2019 2020 2021
External Debt (USD bn) 156 163 172 191 196

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