BANGKOK: Research by Bank of America Global Research says Thailand has the largest negative energy trade balance in Asia, underscoring its heavy reliance on imported oil and gas and making it especially vulnerable to global energy-market volatility as tensions between Iran and the United States and Israel intensify in the Middle East.
While major economies such as China and Japan import large amounts of oil and natural gas in absolute terms, the research suggests Thailand ranks highest in Asia when measured as a share of GDP.
