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Thailand exports rebound in March

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Staff 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
The 12-month sum of the trade balance recorded a $16.5 billion surplus in March, which was down from the $17.9 billion surplus seen in the previous month.

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.