Thailand's trade surplus soared to USD 4.35 billion in August of 2020 from USD 2.20 billion in the same month the prior year and above market estimates of a USD 3.45 billion surplus. This marked the seventh straight month of trade surplus and the largest since February 2016, as exports fell by 7.94 percent to USD 20.21 billion, while imports dropped at a faster 19.68 percent to USD 15.86 billion. Considering the first eight months of the year, the trade surplus soared to USD 108.35 billion from USD 6.87 billion in the corresponding period of 2019.

Balance of Trade in Thailand averaged 114.44 USD Million from 1991 until 2020, 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 2020. source: Ministry of Commerce, Thailand

Balance of Trade in Thailand is expected to be 4500.00 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 2000.00 in 12 months time. In the long-term, the Thailand Balance of Trade is projected to trend around 690.00 USD Million in 2021 and 1700.00 USD Million in 2022, according to our econometric models.

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Thailand Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
4350.00 3340.00 4974.14 -5916.16 1991 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-24 03:30 AM May $2.69B $2.46B $2.74B $2.3B
2020-07-24 03:30 AM Jun $1.61B $2.69B $3.13B $ 3.3B
2020-08-24 03:30 AM Jul $3.34B $1.61B $1.17B $1.4B
2020-09-23 03:30 AM Aug $4.35B $3.34B $3.45B $3.5B
2020-10-22 03:30 AM Sep $4.35B $ 4.5B
2020-11-23 03:00 AM Oct
2020-12-22 03:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Thailand August Trade Surplus Beats Forecasts
Thailand's trade surplus soared to USD 4.35 billion in August of 2020 from USD 2.20 billion in the same month the prior year and above market estimates of a USD 3.45 billion surplus. This marked the seventh straight month of trade surplus and the largest since February 2016, as exports fell by 7.94 percent to USD 20.21 billion, while imports dropped at a faster 19.68 percent to USD 15.86 billion. Considering the first eight months of the year, the trade surplus soared to USD 108.35 billion from USD 6.87 billion in the corresponding period of 2019.
2020-09-23
Thailand July Trade Surplus Beats Forecasts
Thailand's trade surplus soared to USD 3.34 billion in July of 2020 from USD 0.2 billion in the same month the prior year and far above market estimates of a USD 1.17 billion surplus. This marked the sixth straight month of trade surplus and the largest since February, as exports fell by 11.37 percent to USD 18.82 billion, while imports falling at a faster 26.38 percent to USD 15.48 billion. Considering the first seven months of the year, the trade surplus soared to USD 104 billion from USD 4.67 billion in the corresponding period of 2019.
2020-08-24
Thailand June Trade Surplus Below Expectations
Thailand's trade surplus decreased to USD 1.61 billion in June 2020 from USD 3.31 billion in the same month the prior year and compared with market estimates of a USD 3.13 billion surplus. Still, this marked the fifth straight month of trade surplus, with exports plunging 23.17 percent year-on-year to USD 16.44 billion, while imports tumbling 18.05 percent to USD 14.83 billion. Considering the first six months of the year the trade surplus soared to USD 10.7 billion from USD 4.46 billion in the corresponding period of 2019.
2020-07-24
Thailand Trade Surplus Surges in May
Thailand's trade surplus jumped to USD 2.69 billion in May 2020 from USD 0.33 billion in the same month the prior year and compared with market estimates of a USD 2.74 billion surplus. This marked the fourth straight month of trade surplus, as imports plunged 34.41 percent yoy to the smallest since November 2009 of USD 13.58 billion whereas exports slipped 22.5 percent year-on-year to the smallest since April 2016 of USD 16.28 billion.
2020-06-24

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.