Thailand recorded a trade deficit of USD 1.87 billion in May 2022, compared with market consensus of a USD 1.28 billion gap, and switching from a surplus of USD 0.80 billion in the same month a year earlier. It was the second straight month of deficit in trade balance, with exports rising by 10.5 percent year-on-year while imports grew at a much faster 24.1 percent, amid solid domestic demand and soaring commodity prices. In 2021, the country registered a trade surplus of USD 3.57 billion. source: Ministry of Commerce, Thailand
Balance of Trade in Thailand averaged 120.55 USD Million from 1991 until 2022, 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 June of 2022.
Balance of Trade in Thailand is expected to be 3400.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Balance of Trade is projected to trend around 2700.00 USD Million in 2023, according to our econometric models.