Thailand’s foreign trade ended with a surplus in 2015 for the first time in five years despite continued fall in both exports and imports, figures from the Commerce Ministry showed Tuesday.
The country logged a surplus of $11.72 billion in the whole year 2015, marking its first surplus since 2010. In 2014, the trade balance showed shortfall of $224.9 million.
Both exports and imports fell by 5.78 percent and 11.02 percent, respectively in 2015.
In December, the trade surplus climbed to $1.48 billion from $299 million in November. Exports plunged 8.7 percent annually, exceeding economists’ expectations for a 6.12 percent decline.
Imports dropped at a slower pace of 9.2 percent in December from a year ago, following a 9.5 percent fall in the prior month.
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