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.