Thailand trade balance shifted unexpectedly to a deficit of USD 1.18 billion deficit in November 2018 from a surplus of USD 1.89 billion surplus in the same month a year earlier and missing market consensus of a surplus of USD 0.87 billion. Year-on-year, imports jumped 14.66 percen to USD 22.41 billiont, beating market estimates of a 8.34 percent growth and after a 11.23 percent rise in October. Exports unexpectedly fell 0.95 percent to USD 21.24 billion, missing expectations of a 3.26 percent gain and following a 8.7 percent rise in a month earlier. So far this year, the country posted a trade surplus of USD 1.37 billion, far smaller than a surplus of USD 15.31 billion in the corresponding period of the prior year. Balance of Trade in Thailand averaged 26.78 USD Million from 1991 until 2018, 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.
Balance of Trade in Thailand is expected to be 293.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Thailand to stand at 793.00 in 12 months time. In the long-term, the Thailand Balance of Trade is projected to trend around 135.00 USD Million in 2020, according to our econometric models.