FX.co ★ Thailand's Custom-Based Trade Data Plummets to -2.76B USD in January 2024

Thailand's custom-based trade data took a sharp downturn in January 2024, plummeting to -2.76 billion USD. This significant decrease marks a stark contrast to the previous month's data, which stood at 0.97 billion USD in December 2023. The latest figures, updated on 23 February 2024, underscore the challenges facing Thailand's economy and its trade dynamics. The substantial shift in trade data suggests a potential strain on the country's economic performance, highlighting the need for strategic measures to address the trade imbalance and foster sustainable economic growth. As global economic conditions continue to evolve, monitoring Thailand's trade data will be crucial in assessing the country's economic resilience and competitiveness on the world stage.