Thailand posted a trade surplus of USD 2.46 billion in April 2020, shifting from a gap of USD 1.34 billion in the same month the prior year and easily beating market consensus of a surplus of USD 0.41 billion. This marked the third straight month of surplus, as exports grew by 2.12 percent year-on-year while imports slumped 17.13 percent.

Balance of Trade in Thailand averaged 80.54 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 May of 2020. source: Ministry of Commerce, Thailand

Balance of Trade in Thailand is expected to be 4300.00 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 690.00 USD Million in 2021 and 700.00 USD Million in 2022, according to our econometric models.

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Thailand Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
2462.33 1590.00 4974.14 -5916.16 1991 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-24 03:00 AM Jan $-1.56B $0.6B $-0.8B $-0.4B
2020-03-23 07:00 AM Feb $3.9B $-1.56B $2.6B $2.4B
2020-04-21 04:00 AM Mar $1.59B $3.9B $ 2.3B
2020-05-22 03:00 AM Apr $2.46B $1.59B $0.41B $1.4B
2020-06-22 03:00 AM May $2.46B
2020-07-22 03:30 AM Jun $ 4.3B
2020-08-24 03:00 AM Jul
2020-09-22 03:00 AM Aug


News Stream
Thailand April Trade Surplus Beats Estimates
Thailand posted a trade surplus of USD 2.46 billion in April 2020, shifting from a gap of USD 1.34 billion in the same month the prior year and easily beating market consensus of a surplus of USD 0.41 billion. Year-on-year, exports grew by 2.12 percent, while imports slumped 17.13 percent.
2020-05-22
Thailand Trade Surplus Narrows in March
Thailand trade surplus decreased to USD 1.59 billion in March of 2020 from USD 2.10 billion in the same month a year earlier. Year-o-year, exports rose by 4.17 percent to USD 22.40 billion, while imports grew at a faster 7.25 percent to USD 20.81 billion. Considering the first three months o the year the trade surplus was at USD 3.33 billion, an increase of 77.53 percent from the corresponding period of 2019.
2020-04-21
Thailand Trade Surplus Beats Consensus
Thailand trade surplus decreased to USD 3.90 billion in February 2020 from USD 4.11 billion in the same month a year earlier and beating market estimates of a surplus of USD 2.6 billion. Year-o-year, exports fell by 4.47 percent to USD 20.64 billion while imports shrank 4.3 percent to USD 16.74 billion. Considering the first two months o the year the trade surplus was at USD 2.34 billion.
2020-03-23
Thailand Trade Gap Narrows in January
Thailand trade deficit decreased sharply to USD 1.56 billion in January 2020 from USD 4.03 billion in the same month a year earlier but missing market estimates of a shortfall of USD 0.8 billion. This was the first trade gap since April 2019, with exports growing by 3.35 percent year-on-year to USD 19.63 billion, while imports plunging 7.86 percent to USD 21.18 billion.
2020-02-24

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.