Sigma Capital

25-02-2025

Thailand Trade Gap Narrows in January

Source: MIST

Trading Economics-


Thailand's trade deficit declined to USD 1.88 billion in January 2025 from USD 2.76 billion in the same month of the previous year, compared to market estimates of a USD 1.9 billion gap as exports rose much more than imports. Sales grew 13.6% from a year earlier to USD 25.28 billion, the seventh consecutive month of expansion, above market forecasts of 7.15% and December's print of an 8.7% rise. Meanwhile, purchases climbed by 7.9% to USD 27.16 billion, the eighth straight month of growth, easing sharply from a 14.9% jump in December, surpassing market estimates of a 2.95% rise. Last year, the trade balance registered a deficit of USD 6.28 billion, with exports rising by 5.4%, less than the 6.3% growth in imports.