Imports in Thailand
Thailand - Imports (percent change)
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 - Imports (%) Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Imports (annual variation in %) | 0.3 | -8.1 | -11.0 | -4.8 | 14.2 |
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| 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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Economic News
Thailand: Inflation edges down in October
November 5, 2018
Consumer prices inched up 0.06% over the previous month in October, down from the 0.29% price increase in September.
Thailand: Thai manufacturing output contracts 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.
Thailand: Export growth contracts but trade balance remains in surplus in September
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.
Thailand: Inflation eases in September
October 1, 2018
Thai consumer prices increased 0.29% over the previous month in September, up slightly from August’s 0.26% rise.
Thailand: Thai manufacturing growth decelerates strongly in August
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.
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