FW: RHB | Thailand | Trade Deficit Widest In Three Years

 

 

 

 

Economic Research			23 May 2018
Thailand
Economic Update
Trade Deficit Widest In Three Years     u  Thailand’s exports picked up in April, but it was outpaced by a strong jump in imports, leading to Thailand’s widest trade deficit in more than three years.   u  Exports were driven by a rebound in agricultural shipments as well as a pickup in industrial exports.   u  We maintain our forecast for exports to ease to +7% in 2018 (2017: +9.9%), undermined by softer electronic shipments and a high base effect in 2017. However, vehicle exports are set to increase while agricultural shipments are likely to remain supportive, cushioning some of the downside.     Economists: Peck Boon Soon | +603 9280 2163 Aris Nazman Maslan  | +603 9280 2184
To access our recent reports please click on the links below:   21 May : GDP At 5-Year High 16 May : BoT Maintains Rate On Tepid Private Spending 03 May : Money Supply Strongest Since 2015 02 May : CPI Picks Up In April 02 May : Industrial Activity Remained Solid in 1Q18
Economic Team
Arup Raha	Group Chief Economist	arup.raha@rhbgroup.com		+65 6232 3896
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Singapore	vincent.loo@rhgroup.com		+603 9280 2172
Ahmad Nazmi Idrus	Indonesia	ahmad.nazmi.idrus@rhbgroup.com		+603 9280 2179
Aris Nazman Maslan	Thailand, Philippines , Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184