Thailand suffers from April trade deficit
Preliminary data released by Thailand's Customs Department show that the country's trade deficit reached $1.55 billion in April, its highest level since 1996. High oil prices, increased steel imports due to booming construction, and the disruption of exports due to several public holidays all combined to push the trade deficit near record levels. Exports rose 13% to $8.24 billion in April, while imports jumped 30% to $9.79 billion. Moreover, the country's trade deficit constitutes a concern because it may cause the current account to post a deficit.