Thailand trade deficit unexpectedly widened to USD 4.03 billion in January 2019 from USD 0.07 billion in the same month a year earlier, missing market consensus of a USD 0.32 billion surplus. It is the largest trade gap since April 2013, as imports soared 13.99 percent year-on-year to USD 23.03 billion, while exports fell 5.65 percent to USD 18.99 billion. In 2018, the country posted a trade surplus of USD 2.47 billion, far smaller than a surplus of USD 15.09 billion in the corresponding period of the prior year. Balance of Trade in Thailand averaged 20.22 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.

Thailand Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-21 03:30 AM Balance of Trade $-0.28B $0.49B $-0.19B $ 1.1B
2018-12-21 03:30 AM Balance of Trade $-1.18B $-0.28B $0.87B $ 0.94B
2019-01-21 03:30 AM Balance of Trade $1.06B $-1.18B $-1.1B $ 0.29B
2019-02-22 03:30 AM Balance of Trade $-4.03B $1.06B $0.32B $1.1B
2019-03-21 03:00 AM Balance of Trade $-4.03B $0.14B $-1B
2019-04-22 04:00 AM Balance of Trade
2019-05-22 03:30 AM Balance of Trade


Thailand Trade Last Previous Highest Lowest Unit
Balance of Trade -4032.37 1064.91 4974.14 -5916.16 USD Million [+]
Current Account 2285.45 5026.81 7594.30 -3745.26 USD Million [+]
Current Account to GDP 10.60 11.70 12.70 -8.30 percent [+]
Imports 23026.28 18316.44 24937.81 2760.00 USD Million [+]
Exports 18993.92 19381.35 22794.45 1997.00 USD Million [+]
External Debt 158129.39 154162.40 158129.39 58984.85 USD Million [+]
Terms of Trade 109.20 109.47 115.39 96.39 Index Points [+]
Tourist Arrivals 3572988.00 3718504.00 3845811.00 404563.00 [+]
Gold Reserves 154.00 154.00 154.00 72.59 Tonnes [+]
Remittances 11855.00 11132.00 13376.00 2316.00 THB Billion [+]
Terrorism Index 6.25 6.61 7.28 4.10 [+]
Crude Oil Production 234.00 236.00 273.00 46.00 BBL/D/1K [+]
Foreign Direct Investment 23777.77 26270.56 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-4032.37 1064.91 4974.14 -5916.16 1991 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -3247399.00 Dec/18
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18


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