Thailand exports rebound in MarchStaff Writer | April 26, 2017
In March, the trade balance recorded a $1.6 billion surplus. The reading was below the $3.0 billion surplus observed in the same month last year but mirrored February’s figure.
Asia A $16.5 billion surplus
Exports in March rose 9.2% on an annual basis, contrasting the 2.8% decrease seen in February and well above market analysts’ forecast of a 1.9% increase.
Imports recorded another month of buoyant growth, rising 19.3% in March (February: +20.4% year-on-year).
In 2017, FocusEconomics Consensus Forecast panelists expect exports to increase 3.6% and they see the trade surplus reaching $30.9 billion.
For 2018, panelists expect exports to expand 3.8% and the trade surplus to be $28.0 billion. ■