Trade Balance in Thailand
Thailand - Trade Balance
Exports fall again in April
Thailand recorded a trade deficit of USD 1.5 billion in April, swinging from a USD 2.0 billion surplus in March; the 12-month moving sum of the trade balance narrowed from a USD 3.0 billion surplus in March to a USD 2.6 billion surplus.
In March, exports fell 2.6% year-on-year (March: -4.9% year-on-year) while imports dropped 0.7% year-on-year (March: -7.6% yoy). The drop in exports came on the back of noticeable falls in outbound shipments of vehicles and parts; automatic data processing machines and parts; rubber products; and, precious stones and jewelry. On the other hand, there was a near doubling in exports of fruits.
FocusEconomics panelists expect exports to expand 2.9% in 2019. The panel sees imports increasing 5.2% in 2019, which would bring the trade surplus to USD 19.0 billion. In 2020, exports and imports are expected to increase 4.0% and 5.0% respectively, with a trade surplus of USD 17.3 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 | 2.16 | 0.0 % | Jun 20 |
| Exchange Rate | 31.01 | 0.17 % | Jun 20 |
| Stock Market | 1,718 | -1.41 % | Jun 20 |
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Economic News
Thailand: Inflation inches down in May
June 4, 2019
Consumer prices increased 0.48% month-on-month in May, up from the prior month’s 0.44% rise, reflective on noticeable price increases for food and non-alcoholic beverages, while transportation and communication costs also rose albeit at a softer pace than in the prior month.
Thailand: Manufacturing output rebounds in April
May 28, 2019
Manufacturing production rose 2.0% year-on-year in April, swinging from a revised 2.7% contraction in March (previously reported: -2.5% year-on-year).
Thailand: Exports fall again in April
May 23, 2019
Thailand recorded a trade deficit of USD 1.5 billion in April, swinging from a USD 2.0 billion surplus in March; the 12-month moving sum of the trade balance narrowed from a USD 3.0 billion surplus in March to a USD 2.6 billion surplus.
Thailand: Economic growth moderates to near five-year low in Q1
May 21, 2019
Economic growth decelerated to 2.8% year-on-year in the first quarter of 2019, down from the 3.6% annual expansion logged in Q4 last year and the lowest reading in nearly half a decade.
Thailand: Inflation stable in April at lower end of Central Bank’s target range
May 16, 2019
Consumer prices rose 0.44% in April over the previous month (March: 0.41% month-on-month) due to stronger price increases for food and non-alcoholic beverages, and apparel and footwear. Inflation was stable at March’s 1.2% in April, remaining within the Central Bank’s 1.0%–4.0% target range for the second time after several months of undershooting.
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