Thailand: Merchandise exports grow at a softer rate in December
Merchandise exports climbed 3.1% over the same month last year in December (November: +3.7% year-on-year). Meanwhile, merchandise imports fell 1.6% on an annual basis in December (November: +9.3% yoy).
As a result, the merchandise trade balance improved from the previous month, recording a USD 2.3 billion surplus in December (November 2023: USD 0.2 billion deficit; December 2022: USD 1.3 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 17.0 billion surplus in December, compared to the USD 16.0 billion surplus in November.