You are here

Thai Jan exports up 8.8% y-o-y, slightly below forecast

Monday, February 27, 2017 - 12:30

[BANGKOK] Thailand's customs-cleared exports rose for a third straight month in January, by slightly less than expected, a good sign for the trade-dependent economy that has lagged regional peers.

Exports were up 8.8 per cent in January from a year earlier after December's 6.2 per cent increase, commerce ministry data showed on Monday. A Reuters poll predicted a 9.85 per cent increase for January.

The commerce ministry has forecast export growth of 2.5-3.5 per cent this year, while the central bank projects shipments will be flat.

Imports in January increased 5.17 per cent from a year earlier. Economists had expected a jump of 11.9 per cent, after December's 10.3 per cent rise.

Market voices on:

The January trade numbers produced a trade surplus of US$826 million, compared with December's US$938 million surplus.

Thai exports, historically a key driver of South-east Asia's second-largest economy, edged up 0.45 per cent in 2016, ending three straight years of contraction.


Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom