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.