Thailand trade surplus soared to USD 4.03 billion in February 2019 from USD 0.88 billion in the same month a year earlier, as exports rose for the first time in four months while imports plummeted unexpectedly. Year-on-year, exports grew by 5.91 percent to USD 21.55 billion. Meantime, imports tumbled unexpectedly by 10.03 percent to USD 17.52 billion. Balance of Trade in Thailand averaged 32.09 USD Million from 1991 until 2019, 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 1125.00 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 480.00 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.