Thailand Current Account Surplus Narrows

Thailand’s current account recorded a deficit of USD 3.5 billion in May 2026, swinging from a surplus of USD 3.2 billion in the same month a year earlier. The trade balance shifted into a USD 2.8 billion deficit from a USD 3.5 billion surplus, as imports surged to USD 37.7 billion from USD 24.9 billion, outpacing the increase in exports, which rose to USD 34.4 billion from USD 28.4 billion. In addition, the shortfall in net services, primary income, and secondary income widened to USD 0.8 billion in May from USD 0.3 billion a year earlier. On the financial account, the surplus narrowed to USD 0.6 billion from USD 1.1 billion in the same month last year, as the general government’s surplus eased to USD 1.2 billion from USD 1.3 billion, while other depository corporations swung to a USD 1.3 billion deficit from a USD 2 billion surplus a year earlier.

Thailand's current account surplus narrowed to USD 7.6 billion in April 2026 from USD 13.4 billion in the corresponding month a year earlier. The trade deficit widened sharply to USD 6.8 billion from USD 1.1 billion in April 2025, as imports (USD 37.7 billion) continued to outpace exports (USD 30.9 billion). Meanwhile, the deficit in services, primary income, and secondary income increased to USD 0.8 billion from USD 0.2 billion a year earlier. On the financial account, the overall surplus fell to USD 2.3 billion in April 2026 from USD 3.4 billion in the same period last year, largely due to other depository corporations recording a deficit of USD 2.3 billion, compared with a surplus of USD 1.1 billion a year earlier.

Thailand’s current account surplus narrowed sharply to USD 0.6 billion in March 2026, from USD 1.8 billion in the same month a year earlier. The trade account shifted into a deficit of USD 0.1 billion, compared with a surplus of USD 3.7 billion previously, as imports (USD 34.9 billion) outpaced exports (USD 34.7 billion). In contrast, net services, primary income, and secondary income returned to a surplus of USD 0.7 billion, reversing a deficit of USD 1.8 billion in March 2025. On the financial account, the overall balance deficit widened to USD 1.2 billion in March 2026 from USD 1.0 billion a year earlier, weighed down by a sharp increase in outflows from other depository corporations, which rose to USD 3.5 billion from USD 1.7 billion.