Trade Balance in Thailand
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 |
Thailand Trade Balance Chart
Source: Bank of Thailand and FocusEconomics calculations.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.52 | 0.0 % | Mar 11 |
| Exchange Rate | 31.66 | 0.17 % | Mar 11 |
| Stock Market | 1,627 | -1.41 % | Mar 11 |
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