Thailand's trade surplus decreased to USD 1.61 billion in June 2020 from USD 3.31 billion in the same month the prior year and compared with market estimates of a USD 3.13 billion surplus. Still, this marked the fifth straight month of trade surplus, with exports plunging 23.17 percent year-on-year to USD 16.44 billion, while imports tumbling 18.05 percent to USD 14.83 billion. Considering the first six months of the year the trade surplus soared to USD 10.7 billion from USD 4.46 billion in the corresponding period of 2019.
Balance of Trade in Thailand averaged 93.52 USD Million from 1991 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Ministry of Commerce, Thailand
Balance of Trade in Thailand is expected to be 4500.00 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 2000.00 in 12 months time. In the long-term, the Thailand Balance of Trade is projected to trend around 690.00 USD Million in 2021 and 1700.00 USD Million in 2022, according to our econometric models.