Thailand: Merchandise trade slips into deficit in January
Latest reading: In January, the trade balance was USD -0.7 billion, following a USD +2.7 billion figure in the previous month. Over the last 12 months, the trade balance summed to USD +21.9 billion.
Merchandise exportswere up 23.5% in year-on-year terms in January, coming on the back of 17.9% growth in the previous month. January’s reading was the strongest since December 2021. Merchandise imports increased 30.0% in annual terms in January, coming on the back of 17.9% growth in the previous month. January’s reading was the strongest since December 2021.