Thailand trade surplus narrowed sharply to USD 0.6 billion in December 2019 from USD 1.30 billion in the same month a year earlier and barely in line with market estimates. Exports shrank 1.28 percent year-on-year to USD 19.15 billion, while imports advanced 2.54 percent to USD 18.56 billion. For the whole 2019, trade surplus surged to USD 9.60 billion from USD 4.76 billion in the corresponding period the prior year, with exports and imports falling 2.65 percent and 4.66 percent, respectively. Balance of Trade in Thailand averaged 61.46 USD Million from 1991 until 2019, 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. source: Ministry of Commerce, Thailand

Balance of Trade in Thailand is expected to be 3100.00 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 600.00 in 12 months time. In the long-term, the Thailand Balance of Trade is projected to trend around 700.00 USD Million in 2020, according to our econometric models.

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Thailand Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
600.00 550.00 4974.14 -5916.16 1991 - 2019 USD Million Monthly
Current Prices, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-21 04:00 AM Sep $1.28B $2.05B $2.14B $ 1.0B
2019-11-21 04:00 AM Oct $0.51B $1.28B $0.4B $-0.2B
2019-12-23 03:00 AM Nov $0.55B $0.51B $-0.19B $-0.3B
2020-01-22 03:30 AM Dec $0.6B $0.55B $0.63B $ 0.8B
2020-02-21 03:30 AM Jan $0.6B $-0.4B


News Stream
2019-12-23
Thai Trade Balance Swings to Surplus
Thailand trade balance unexpectedly shifted to a surplus of USD 0.55 billion in November 2019 from a deficit of USD 0.94 billion in the same month a year earlier and easily beating market consensus of a gap of USD 0.19 billion. This was the seventh straight month of trade surplus, as exports fell 7.39 percent year-on-year to USD 19.66 billion, while imports plunged 13.78 percent to USD 19.11 billion. Considering the first eleven months of the year, the country registered a trade surplus of USD 8.44 billion, up strongly from USD 3.45 billion in the corresponding period the prior year.

2019-11-21
Thailand Trade Balance Swings to Surplus in October
Thailand trade balance shifted to a surplus of USD 0.51 billion in October 2019 from a deficit of USD 0.17 billion in the same month a year earlier and compared to market expectations of a surplus of USD 0.4 billion. Year-on-year, exports fell 4.54 percent to USD 20.76 billion, while imports dropped at a faster 7.57 percent to USD 20.25 billion. Considering the first ten months of the year, the country registered a trade surplus of USD 7.89 billion, up from a surplus of USD 4.38 billion in the corresponding period the prior year.

2019-10-21
Thailand September Trade Surplus Below Estimates
Thailand trade surplus rose to USD 1.28 billion in September 2019 from 0.71 billion in the same month the previous year bur missing market forecasts of a surplus USD 2.14 billion. Year-on-year, exports dropped by 1.39 percent, while imports declined at a faster 4.24 percent.

2019-09-20
Thailand August Trade Surplus Beats Estimates
Thailand trade balance shifted to a USD 2.05 billion surplus in August 2019 from a USD 0.44 billion deficit in the same month a year earlier and easily beating market expectations of USD 0.45 billion surplus. Exports fell by 4 percent year-on-year to USD 21.91 billion and imports slumped 14.62 percent to USD 19.86 billion. From January to August 2019, the country's trade surplus widened markedly to USD 6.1 billion from USD 3.84 billion in the same period the prior year, with exports declining by 2.19 percent and imports falling at a faster 3.61 percent.

2019-08-21
Thai July Trade Surplus Smaller than Expected
Thailand posted a trade surplus of USD 0.11 billion in July 2019, compared to a USD 0.41 billion deficit in the same month a year earlier but below market expectations of USD 0.54 billion surplus. Exports rose for the first time in five months by 4.28 percent to USD 21.20 billion, while imports increased at a softer 1.67 percent to USD 21.09 billion. In January-July, the country's trade surplus narrowed to USD 4.05 billion from USD 4.28 billion in the same period last year, as exports fell 1.91 percent and imports were down 1.81 percent.

2019-07-22
Thai Trade Surplus Larger than Expected
Thailand's trade surplus widened sharply to USD 3.21 billion in June 2019 from USD 1.73 billion in the same month a year earlier, easily beating market consensus of a USD 0.83 billion surplus. Exports fell 2.15 percent to USD 21.41 billion while imports plunged 9.44 percent to USD 18.12 billion. Considering the first half of the year, the country's trade surplus decreased to USD 3.94 billion from USD 4.26 billion in the corresponding period of 2018.


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.

Thailand Trade Last Previous Highest Lowest Unit
Balance of Trade 600.00 550.00 4974.14 -5916.16 USD Million [+]
Current Account 3375.16 2905.19 7161.51 -4086.17 USD Million [+]
Current Account to GDP 7.50 11.00 12.70 -8.30 percent [+]
Imports 18558.48 19108.09 24937.81 2760.00 USD Million [+]
Exports 19154.17 19656.87 22827.25 1997.00 USD Million [+]
External Debt 166220.29 166790.88 166790.88 58984.85 USD Million [+]
Terms of Trade 107.64 108.34 115.39 96.39 points [+]
Tourist Arrivals 3358592.00 3042282.00 3845811.00 404563.00 [+]
Gold Reserves 153.84 153.96 154.00 72.59 Tonnes [+]
Remittances 9485.00 10742.00 13376.00 2316.00 THB Billion [+]
Terrorism Index 6.03 6.25 7.28 4.10 [+]
Crude Oil Production 221.00 238.00 273.00 46.00 BBL/D/1K [+]
Foreign Direct Investment 34566.49 121118.85 125800.99 -95430.07 THB Million [+]