Thailand to post trade surplus for February

Thailand is scheduled to release February customs-based trade data during the 23-25 March period.

Standard Chartered says...

• We expect lower global oil prices to have continued to benefit the trade account through lower energy import values given the country's status as a large net oil importer. 
  
  
• However, we expect the export recovery to have remained sluggish in February due to weak demand from China and ASEAN, and the expiration of the euro area's Generalized Scheme of Preferences (GSP) programme.
  
  
• We expect a moderate trade surplus of about USD 574mn, versus a USD 457mn deficit in January.