Trade Balance in Thailand

Thailand Trade Balance | Economic News & Forecasts

Thailand - Trade Balance

Trade balance swings into red in January

The external sector got off to a false start in the new year, with the trade balance swinging from a USD 1.1 billion surplus in December to a USD 4.0 billion deficit in January. The 12-month moving sum of the trade balance consequently fell from as USD 3.3 billion surplus in December to a USD 709 million shortfall in January.

January’s result reflects a steep 5.6% drop in exports, larger than December’s 1.7% contraction. The drop in exports came on the back of less outbound shipments of most goods. The strongest drops were recorded in exports of internal combustion engines, precious stones and jewelry and rubber. Simultaneously, import growth swung from an 8.1% contraction in December to a 14.0% rise in January.

FocusEconomics panelists expect exports to expand 3.9% in 2019. The panel sees imports increasing 6.4% in 2019, which would bring the trade surplus to USD 16.5 billion. In 2020, exports and imports are expected to increase 4.0% and 5.1% respectively, with a trade surplus of USD 14.4 billion.

Thailand - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)0.1  17.2  26.8  36.6  31.8  

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Thailand Trade Balance Chart

Thailand Trade
Note: Trade balance in (USD bn).
Source: Bank of Thailand and FocusEconomics calculations.

Thailand Facts

Bond Yield2.520.0 %Mar 11
Exchange Rate31.660.17 %Mar 11
Stock Market1,627-1.41 %Mar 11

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