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.