RHB | Thailand | Thai Merchandise Exports Shrank 5.8% In 2015

Economic Research	27 January 2016
Thailand
Economic Highlights
Thai Merchandise Exports Shrank 5.8% In 2015 Thailand’s customs merchandise exports plummeted by 8.7% y-o-y in December, slipping from a 7.4% fall the month before. The slump was driven by agricultural exports which declined 9.8% y-o-y, extending its 7.0% fall in November. Meanwhile, industrial shipments contracted 6.7% y-o-y, improving slightly from -6.8% in November, underpinned by a softer fall in exports of rubber products. For the full year, Thai exports and imports declined 5.8% and 10.7%, from readings of -0.4% and -9.0% respectively in 2014, resulting in a trade surplus of USD11.7bn for 2015. Economist:  Ng Kee Chou  | +603 9280 2179
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