Thailand trade balance shifted to a USD 0.28 billion deficit in October 2018 from a USD 0.20 billion surplus in the same month a year earlier and worse than market consensus of a USD 0.19 billion gap. Year-on-year, imports jumped 11.23 percent to USD 22.04 billion, above market estimates of a 6.8 percent growth and after a 9.9 percent rise in September. Exports grew 8.7 percent to USD 21.76 billion, recovering from a 5.2 percent drop in a month earlier and beating expectations of a 4.5 percent gain. Considering the first ten months of 2018, the country posted a trade surplus of USD 2.55 billion, smaller than a surplus of USD 13.42 billion in the corresponding period of the prior year. Balance of Trade in Thailand averaged 30.40 USD Million from 1991 until 2018, reaching an all time high of 4974.14 USD Million in February of 2016 and a record low of -5916.16 USD Million in January of 2013.

Balance of Trade in Thailand is expected to be 970.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Thailand to stand at 793.00 in 12 months time. In the long-term, the Thailand Balance of Trade is projected to trend around 690.00 USD Million in 2020, according to our econometric models.

Thailand Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-22 04:00 AM Balance of Trade $-0.52B $1.58B $0.15B $ 1.3B
2018-09-21 03:45 AM Balance of Trade $-0.59B $-0.52B $1.19B $ 0.73B
2018-10-22 03:30 AM Balance of Trade $0.49B $-0.59B $1.61B $ 0.3B
2018-11-21 03:30 AM Balance of Trade $-0.28B $0.49B $-0.19B $ 1.1B
2018-12-20 03:30 AM Balance of Trade $-0.28B $ 0.94B
2019-01-21 03:30 AM Balance of Trade $ 0.97B
2019-02-21 04:30 AM Balance of Trade


Thailand Trade Last Previous Highest Lowest Unit
Balance of Trade -279.52 487.20 4974.14 -5916.16 USD Million [+]
Current Account 1890.00 2370.00 7594.30 -3745.26 USD Million [+]
Current Account to GDP 10.60 11.70 12.70 -8.30 percent [+]
Imports 22036.71 20212.62 24937.81 2760.00 USD Million [+]
Exports 21757.21 20699.82 22794.45 1997.00 USD Million [+]
External Debt 154162.40 152733.25 154162.40 58984.85 USD Million [+]
Terms of Trade 107.05 107.40 115.39 96.39 Index Points [+]
Tourist Arrivals 2712030.00 2655560.00 3566890.00 399600.00 [+]
Gold Reserves 154.00 154.00 154.00 72.59 Tonnes [+]
Terrorism Index 6.61 6.71 7.28 4.10 [+]
Remittances 13190.00 11276.00 13376.00 2316.00 THB Billion [+]
Crude Oil Production 225.00 230.00 273.00 46.00 BBL/D/1K [+]
Foreign Direct Investment 31169.43 27125.54 125800.99 -95430.07 THB Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Thailand Balance of Trade

As an export oriented country, Thailand is highly exposed to external economic shocks, which lower demand for Thai products, thus affecting the trade balance. Thailand major exports are electronics, vehicles, machinery and equipment. The country mainly imports fuel, electronic and machinery appliances. Main trading partner are Japan (10 percent of total exports and 20 percent of total imports) and China (12 percent of total exports and 15 percent of total imports). Others include: the European Union, the United States and Malaysia. This page provides the latest reported value for - Thailand Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Thailand Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-279.52 487.20 4974.14 -5916.16 1991 - 2018 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13952.30 Oct/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -2047.00 Nov/18
Italy 3784.00 Oct/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 3799.41 Nov/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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