Thailand Current Account Deficit Narrows

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.

Thailand's current account surplus narrowed sharply to USD 2.1 billion in February 2026 from USD 6.4 billion in the same month of the previous year. The trade surplus decreased significantly to USD 0.6 billion from USD 4.7 billion in February 2025, with exports climbing 10.6% while imports surged 31.7%. Moreover, net services, primary income, and secondary income surplus fell to USD 1.5 billion from USD 1.8 billion. In the financial account, the overall balance slightly rose to USD 0.4 billion in February 2026 from USD 0.2 billion a year earlier, supported by the general government, which posted a surplus of USD 0.2 billion from a deficit of USD 2.3 billion, as well as the other depository corporations’ surplus rising to USD 3 billion from USD 1.3 billion.