Trade Balance in Thailand
Thailand - Trade Balance
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 - Trade Balance Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Trade Balance (USD billion) | 0.1 | 17.2 | 26.8 | 36.6 | 31.8 |
Thailand Trade Balance Chart
Source: Bank of Thailand and FocusEconomics calculations.
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 |
Sample Report
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
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.
© Copyright: 2018 | Thailand Trade Balance | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
