# Thailand: Current account surplus bounces back into billions | articles | ING THINK

> Thailand's September current account surplus came in at $2.4bn, roughly double consensus, driven by a goods trade surplus near $2bn. Services and income inflows were weaker as slowing visitor arrivals hit tourism receipts. The baht has lost ground and ended October among Asia's weakest performers, and ING raised its end-2018 USD/THB forecast to 33.6.

- Date: 2018-10-31 · published 2018-10-31T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/62793-thailand-current-account-surplus-bounces-back-into-billions-articles-ing-think
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A larger current account surplus supports the baht, but weaker tourism and a softer currency raise Thai import costs for feed ingredients priced in dollars. Feed buyers should watch the baht against the dollar for landed costs.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/thailand-current-account-surplus-bounces-back-into-billions/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.