Thailand's trade deficit narrowed to USD 0.2 billion in January 2021 from USD 1.55 billion in the same month a year earlier and compared with market estimates of a USD 0.07 billion surplus. Exports grew by 0.35 percent year-on-year while imports shrank 5.24 percent. In 2020, the country posted a trade surplus of USD 24.47 billion, sharply higher than a USD 10.01 billion surplus in 2019. source: Ministry of Commerce, Thailand

Balance of Trade in Thailand averaged 129.16 USD Million from 1991 until 2021, 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 March of 2021.

Balance of Trade in Thailand is expected to be 690.00 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 690.00 in 12 months time. In the long-term, the Thailand Balance of Trade is projected to trend around 690.00 USD Million in 2022 and 1700.00 USD Million in 2023, according to our econometric models.

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Thailand Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-202.40 963.58 4974.14 -5916.16 1991 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-23 03:30 AM Oct $2.05B $2.23B $1.94B $1.7B
2020-12-23 03:30 AM Nov $0.05B $2.05B $1.6B $2.1B
2021-01-22 03:30 AM Dec $0.96B $0.05B $0.58B $0.5B
2021-02-23 03:30 AM Jan $-0.2B $0.96B $0.07B $0.1B
2021-03-22 03:30 AM Feb $-0.2B
2021-04-21 03:30 AM Mar
2021-05-21 03:30 AM Apr
2021-06-21 03:30 AM May


News Stream
Thailand Trade Gap Narrows
Thailand's trade deficit narrowed to USD 0.2 billion in January 2021 from USD 1.55 billion in the same month a year earlier and compared with market estimates of a USD 0.07 billion surplus. Exports grew by 0.35 percent year-on-year while imports shrank 5.24 percent. In 2020, the country posted a trade surplus of USD 24.47 billion, sharply higher than a USD 10.01 billion surplus in 2019.
2021-02-23
Thailand December Trade Surplus Beats Estimates
Thailand's trade surplus increased to USD 0.96 billion in December 2020 from USD 0.73 billion in the same month the prior year and beating market estimates of a USD 0.58 billion surplus. This marked the eleventh straight month of trade surplus, as exports grew by 4.7 percent year-on-year to USD 20.08 billion while imports rose at a slower 3.62 percent to USD 19.12 billion. Considering full 2020, the trade surplus jumped to USD 24.47 billion from USD 10.01 billion in the same period of 2019.
2021-01-22
Thailand Trade Surplus Below Forecasts
Thailand's trade surplus plunged to USD 0.05 billion in November 2020 from USD 0.58 billion in the same month the prior year and missing market estimates of a USD 1.6 billion surplus. This marked the tenth straight month of trade surplus but the smallest in the sequence, as exports fell by 3.65 percent year-on-year to USD 18.93 billion while imports dropped 0.99 percent to USD 18.88 billion. Considering the first eleven months of the year, the trade surplus jumped to USD 23.51 billion from USD 9.28 billion in the same period of 2019.
2020-12-23
Thailand October Trade Surplus Beats Forecasts
Thailand's trade surplus soared to USD 2.05 in October 2020 from USD 0.54 billion in the same month the prior year and above market estimates of a USD 1.94 billion surplus. This marked the ninth straight month of trade surplus, as exports fell by 6.71 percent year-on-year to USD 19.38 billion while imports dropped at a faster 14.32 percent to USD 17.33 billion. Considering the first ten months of the year, the trade surplus jumped to USD 22.67 billion from USD 8.70 billion in the same period of 2019.
2020-11-23

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.