Thailand unexpectedly posted a trade deficit of USD 1.22 billion in August 2021, reversing from a surplus of USD 4.35 billion in the same month a year earlier and missing market consensus of a surplus of USD 0.97 billion. This was the first trade gap since January, as exports grew by 8.93 percent year-on-year to USD 21.98 billion, while imports rose at a faster 47.92 percent to USD 23.19 billion. Considering the first eight months of the year, the trade surplus tumbled 92.79% from the same period of 2020 to USD 1.40 billion. source: Ministry of Commerce, Thailand

Balance of Trade in Thailand averaged 131.07 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 October of 2021.

Balance of Trade in Thailand is expected to be 4000.00 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 2022, according to our econometric models.

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Thailand Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-06-24 03:30 AM May $0.8B $0.18B $0.78B $0.4B
2021-07-23 03:30 AM Jun $0.95B $0.8B $1.13B $ 3B
2021-08-23 03:30 AM Jul $0.18B $0.95B $0.94B $1B
2021-09-24 03:30 AM Aug $-1.22B $0.18B $0.97B $1.3B
2021-10-22 03:30 AM Sep $-1.22B $-0.8B $-0.9B
2021-11-22 03:30 AM Oct
2021-12-22 03:30 AM Nov


News Stream
Thailand Unexpectedly Posts Trade Gap in August
Thailand unexpectedly posted a trade deficit of USD 1.22 billion in August 2021, reversing from a surplus of USD 4.35 billion in the same month a year earlier and missing market consensus of a surplus of USD 0.97 billion. This was the first trade gap since January, as exports grew by 8.93 percent year-on-year to USD 21.98 billion, while imports rose at a faster 47.92 percent to USD 23.19 billion. Considering the first eight months of the year, the trade surplus tumbled 92.79% from the same period of 2020 to USD 1.40 billion.
2021-09-24
Thailand Trade Surplus Below Forecast
Thailand's trade surplus plunged to USD 0.18 billion in July 2021 from USD 3.34 billion in the same month a year earlier and missing market consensus of a surplus of USD 0.94 billion. This was the smallest trade surplus in three months, as exports grew by 20.27 percent year-on-year to USD 22.65 billion, while imports rose at a faster 46.95 percent to USD 22.46 billion. Considering the first seven months of the year, the trade surplus tumbled 82.53% from the same period of 2020 to USD 2.62 billion.
2021-08-23
Thailand Trade Surplus Below Estimates
Thailand's trade surplus decreased to USD 0.95 billion in June 2021 from USD 1.68 billion in the same month a year earlier and missing market consensus of a surplus of USD 1.13 billion. Exports grew by 43.82 percent year-on-year to USD 23.70 billion, while imports rose at a faster 53.75 percent to USD 22.75 billion. Considering the first six months of the year, the trade surplus was at USD 2.39 billion, down from a surplus of USD 4.37 billion in the corresponding period of 2020.
2021-07-23
Thailand Trade Surplus Narrows Sharply
Thailand's trade surplus decreased sharply to USD 0.8 billion in May 2021 from USD 2.69 billion in the same month a year earlier and roughly in line with market consensus of a surplus of USD 0.78 billion. Exports grew by 41.59 percent year-on-year to USD 23.06 billion, while imports rose at a faster 63.54 percent to USD 22.26 billion. Considering the first five months of the year, the trade surplus plunged to USD 1.49 billion from USD 9.89 billion.
2021-06-24

Thailand Last Unit Reference Previous Highest Lowest
Balance of Trade -1215.66 USD Million Aug/21 180.00 4974.14 -5916.16
Imports 23191.89 USD Million Aug/21 22467.37 24937.81 2760.00
Exports 21976.23 USD Million Aug/21 22650.83 24222.45 1997.00


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.