world-economy

Thailand's Trade Deficit Widens to Record as Energy Costs Surge

Thailand's merchandise trade deficit reached its largest level since 1991, driven by elevated imports of capital equipment and raw materials alongside surging crude oil and natural gas prices. The gap reflects broader pressures affecting Asia-Pacific economies as energy costs remain elevated and manufacturing activity requires increased inputs. Elevated commodity prices have strained fiscal positions across the region, with central banks managing competing pressures between supporting growth and controlling inflation. The deterioration comes as global markets grapple with persistent energy costs and geopolitical uncertainties.