Thailand

Thailand trade balance shifted to a USD 1.11 bln shortfall in February from a USD 120 mln surplus a year earlier, with exports declining by 4.7% YoY to USD 22.38 bln, while imports rose by 1.1% to USD 23.49 billion. The country’s trade deficit for the first two months of 2023 widened to USD 5.76 bln from USD 2.13 bln in the same period last year.