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.

Thailand Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-22 04:00 AM Balance of Trade Apr $-1.46B $2.0B $-0.49B $-0.85B
2019-06-21 03:00 AM Balance of Trade May $0.18B $-1.46B $0.58B $0.9B
2019-07-22 03:30 AM Balance of Trade Jun $3.21B $0.18B $0.83B $ 1.3B
2019-08-21 03:00 AM Balance of Trade Jul $0.11B $3.21B $0.54B $-0.7B
2019-09-20 03:00 AM Balance of Trade Aug $0.11B $-0.4B
2019-10-22 04:00 AM Balance of Trade Sep $ 0.8B
2019-11-21 04:00 AM Balance of Trade Oct $-0.2B


Thailand Trade Last Previous Highest Lowest Unit
Balance of Trade 110.36 3212.20 4974.14 -5916.16 USD Million [+]
Current Account 1768.18 3923.16 7161.51 -4086.17 USD Million [+]
Current Account to GDP 7.50 11.00 12.70 -8.30 percent [+]
Imports 21094.62 18197.12 24937.81 2760.00 USD Million [+]
Exports 21204.98 21409.32 22827.25 1997.00 USD Million [+]
External Debt 163402.95 161014.26 163402.95 58984.85 USD Million [+]
Terms of Trade 108.06 108.53 115.39 96.39 Index Points [+]
Tourist Arrivals 3327198.00 3052287.00 3845811.00 404563.00 [+]
Gold Reserves 153.96 154.00 154.00 72.59 Tonnes [+]
Remittances 11138.00 10567.00 13376.00 2316.00 THB Billion [+]
Terrorism Index 6.25 6.61 7.28 4.10 [+]
Crude Oil Production 235.00 242.00 273.00 46.00 BBL/D/1K [+]
Foreign Direct Investment 40311.95 28864.26 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
110.36 3212.20 4974.14 -5916.16 1991 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 5728.50 Jun/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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