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Trade deficit hits $1.6bn.
Byline: Parista Yuthamanop
Jul. 1--Thailand reported a trade deficit of $1.6 billion in May, with a current account deficit of $1.56 billion, largely because of high prices for oil imports, the Bank of Thailand said yesterday.
The May trade deficit reflected a 124 percent increase in oil imports compared with May 2004, said Suchada Kirakul, senior director for the central bank's Economic Policy Department.
Oil imports rose by 60 percent in volume and 38 percent in price from the previous year, she said. Import volume was 48 million barrels in May, compared with 22 million barrels the previous month and an average monthly import volume of 27-28 ...
- The Bangkok Post, Thailand, business briefs column.
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- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 1, 2005 700+ words
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- Bangkok Post, Thailand, business briefs column.
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...imported petroleum products will be limited to 70 percent of national commercial energy demand for next five years, local daily Bangkok Post reported today. Piyasvasti Amranand, Secretary-General of the National Energy Policy Office, outlined the directive...
