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Oil imports behind January trade deficit.
Byline: Wichit Chantanusornsiri
Mar. 2--Oil imports are expected to ease if global market prices continue to rise, according to Somchai Sujjapongse, deputy director-general of the Fiscal Policy Office.
Soaring oil imports in January were the main factor pushing Thailand to record its largest monthly trade and current account deficit in seven years.
Oil imports in January rose 79.9 percent in value terms from the previous year, and accounted for around 13 percent of total imports. The Bank of Thailand on Monday announced a trade deficit for January of US$1.4 billion, with all-time high imports of $9.17 billion against exports of $7.6 billion.
...- Reduction in oil imports eases losses in current account.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 1, 2005 700+ words
...Chudasri Sep. 1--The current account swung into positive...a sharp decline in oil imports, according to the...announced that the July current account posted a surplus of...first since February. Oil imports in July were 86 billion...
- Current Account Surplus Rises to $990 Mil.
- Newspaper article from: Korea Times (Seoul, Korea) September 28, 2000 700+ words
...yesterday, the nation's current account surplus in August, reached...deficit and increasing oil imports, August's expanding...goods, the gains on the current account surplus were buffered by reduced oil imports,'' said Chung Chung...
- S. Korea's current account surplus hits record US$4.24 bln in November.
- News wire article from: YON - Yonhap News Agency of Korea December 29, 2006 700+ words
...contributed to the surge in the current account surplus last month," it...statistics team, said the record current account surplus in November was...also helped reduce crude oil imports." He said the current account surplus would shrink in...
- Pakistan's current account balance `slipped into red' in 2004-05.
- News wire article from: PPI - Pakistan Press International June 11, 2005 700+ words
...PPI): Pakistan's current account balance has 'slipped...deterioration in the current account is driven by substantially...hefty gains in non-oil imports fuled by strong domestic...official figures. The current account deficit, excluding...
- Deficit balloons as oil imports outrun growing exports.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 30, 2005 700+ words
...Dr Thanong estimated the current-account deficit by the end this year...Ministry is keeping an eye on oil imports. According to the ministry...China and South Korea. Oil imports, meanwhile, soared by 24...come we've seen such huge oil imports in recent months? We have...
- Oil Imports Create Record Trade Deficit
- Newspaper article from: The Journal Record July 19, 1995 700+ words
...a record $11.43 billion as oil imports climbed to the highest level...this year's deficit on the current account, the broadest measure of U...It was the highest level for oil imports since November 1990 and reflected...
- State Bank to make payment of oil imports.
- Magazine article from: Economic Review November 1, 2004 700+ words
...Bank will make all payments of oil imports from the foreign exchange reserves...decision to bear the cost of oil imports is likely to strengthen the rupee...exports. 'You cannot expect current account surplus every year for a developing...
- INDIAN OIL IMPORTS UP US$5.5 BLN IN 1ST 4 MONTHS : CENTRAL BANK.
- News wire article from: AsiaPulse News October 10, 2000 700+ words
...policy for 2000-01 here today. Of the total imports, oil imports alone increased by USD 5.5 billion (nearly 100 per cent...in exports and invisible receipts is expected to keep the current account deficit for 2000-01 at less than two per cent of GDP...
