Thailand's trade deficit widened to USD 1.46 billion in April 2019 from USD 1.11 billion in the same month a year earlier and missing market consensus of a USD 0.49 billion gap. Exports fell 2.57 percent year-on-year to USD 18.56 billion, while imports shrank at a softer 0.72 percent to USD 20.01 billion. Considering the first four months of the year, the country posted a trade surplus of USD 0.54 billion, down from a surplus of USD 1.19 billion in the corresponding period the previous year. Balance of Trade in Thailand averaged 33.52 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.

Balance of Trade in Thailand is expected to be 1500.00 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 3100.00 in 12 months time. In the long-term, the Thailand Balance of Trade is projected to trend around 690.00 USD Million in 2020, according to our econometric models.

Thailand Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-22 03:30 AM Balance of Trade $-4.03B $1.06B $0.32B $1.1B
2019-03-21 04:00 AM Balance of Trade $4.03B $-4.03B $0.14B $-1B
2019-04-22 03:30 AM Balance of Trade $2.0B $4.03B $1.28B $2.5B
2019-05-22 04:00 AM Balance of Trade $-1.46B $2.0B $-0.49B $-0.85B
2019-06-21 03:00 AM Balance of Trade $-1.46B $0.9B
2019-07-20 04:00 AM Balance of Trade $ 1.3B
2019-08-22 04:00 AM Balance of Trade $-0.7B


Thailand Trade Last Previous Highest Lowest Unit
Balance of Trade -1457.21 2004.65 4974.14 -5916.16 USD Million [+]
Current Account 1780.00 6080.00 7594.30 -3745.26 USD Million [+]
Current Account to GDP 7.50 11.00 12.70 -8.30 percent [+]
Imports 20012.85 19435.55 24937.81 2760.00 USD Million [+]
Exports 18556.52 21440.20 22794.45 1997.00 USD Million [+]
External Debt 161014.26 158129.39 161014.26 58984.85 USD Million [+]
Terms of Trade 108.05 108.53 115.39 96.39 Index Points [+]
Tourist Arrivals 3195006.00 3473088.00 3845811.00 404563.00 [+]
Gold Reserves 154.00 154.00 154.00 72.59 Tonnes [+]
Remittances 11417.00 11571.00 13376.00 2316.00 THB Billion [+]
Terrorism Index 6.25 6.61 7.28 4.10 [+]
Crude Oil Production 215.00 208.00 273.00 46.00 BBL/D/1K [+]
Foreign Direct Investment -59514.31 30605.03 125800.99 -95430.07 THB Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1457.21 2004.65 4974.14 -5916.16 1991 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 15671.60 Apr/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 3962.64 May/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19


Related

Latest