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.

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Thailand Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-05-27 03:30 AM Apr $-1.91B $1.46B $0B $0.8B
2022-06-23 05:30 AM May $-1.87B $-1.91B $-1.28B $-1.7B
2022-07-22 03:30 AM Jun $-1.87B $ 3.4B


Related Last Previous Unit Reference
Balance of Trade -1870.00 -1910.00 USD Million May 2022
Imports 27400.00 25429.82 USD Million May 2022
Exports 25500.00 23521.40 USD Million May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1870.00 -1910.00 4974.14 -5916.16 1991 - 2022 USD Million Monthly
Current Prices, NSA

News Stream
Thailand Trade Gap Larger than Expected
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.
2022-06-23
Thailand Trade Balance Swings to Deficit
Thailand unexpectedly posted a trade deficit of USD 1.91 billion in April 2022, compared with market consensus of a balance figure, and shifting from a surplus of USD 0.18 billion in the same month a year earlier. It was the first deficit in trade balance in three months, with exports rising by 9.9 percent year-on-year while imports grew at a much faster 21.5 percent, amid solid domestic demand and soaring commodity prices. In 2021, the country recorded a trade surplus of USD 3.57 billion..
2022-05-27
Thailand Posts Largest Trade Surplus in 17 Months
Thailand unexpectedly posted a trade surplus of USD 1.46 billion in March 2022, beating market consensus of a deficit of USD 0.15 billion and compared with a surplus of USD 0.71 billion in the same month a year earlier. It was the second straight month of a surplus in trade balance and the largest figure since October 2020, with exports growing by 19.5 percent year-on-year while imports rose at a softer 18 percent. In 2021, the country recorded a trade surplus of USD 3.57 billion.
2022-04-22