Thailand posted a trade surplus of USD 0.11 billion in July 2019, compared to a USD 0.41 billion deficit in the same month a year earlier but below market expectations of USD 0.54 billion surplus. Exports rose for the first time in five months by 4.28 percent to USD 21.20 billion, while imports increased at a softer 1.67 percent to USD 21.09 billion. In January-July, the country's trade surplus narrowed to USD 4.05 billion from USD 4.28 billion in the same period last year, as exports fell 1.91 percent and imports were down 1.81 percent. Balance of Trade in Thailand averaged 47.82 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 800.00 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 1300.00 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.