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THAI CURRENT ACCOUNT DEFICIT IN APRIL HIGHEST IN ALMOST 3 YRS.
BANGKOK, June 2 Asia Pulse - Thailand's importing more and more highly priced oil and gold in April this year had pushed the country to suffer a current account deficit as high as US$1.661 billion, the highest since June 2005, a senior Bank of Thailand (BoT) official said Friday.
Amara Sripayak, BoT senior director for the domestic economy, said that in April the country suffered a trade deficit of US$1.768 billion. The sharp increases in deficits for both current account and trade were attributed to imports in April which were valued at US$15.399 billion, up 41.5 per cent year-on-year, Mrs Amara said.
Of the total value, the value of imported oil accounted for 79.7 per cent from the corresponding period of 2007 as oil price jumped to US$103 from US$64.5 per barrel. Also, oil imports also rose to 26.6 billion barrels ...
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Source: HighBeam Research, THAI CURRENT ACCOUNT DEFICIT IN APRIL HIGHEST IN ALMOST 3 YRS.