Thailand trade balance shifted unexpectedly to a deficit of USD 1.18 billion deficit in November 2018 from a surplus of USD 1.89 billion surplus in the same month a year earlier and missing market consensus of a surplus of USD 0.87 billion. Year-on-year, imports jumped 14.66 percen to USD 22.41 billiont, beating market estimates of a 8.34 percent growth and after a 11.23 percent rise in October. Exports unexpectedly fell 0.95 percent to USD 21.24 billion, missing expectations of a 3.26 percent gain and following a 8.7 percent rise in a month earlier. So far this year, the country posted a trade surplus of USD 1.37 billion, far smaller than a surplus of USD 15.31 billion in the corresponding period of the prior year. Balance of Trade in Thailand averaged 26.78 USD Million from 1991 until 2018, 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 293.00 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 793.00 in 12 months time. In the long-term, the Thailand Balance of Trade is projected to trend around 135.00 USD Million in 2020, according to our econometric models.

Thailand Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-21 03:45 AM Balance of Trade $-0.59B $-0.52B $1.19B $ 0.73B
2018-10-22 03:30 AM Balance of Trade $0.49B $-0.59B $1.61B $ 0.3B
2018-11-21 03:30 AM Balance of Trade $-0.28B $0.49B $-0.19B $ 1.1B
2018-12-21 03:30 AM Balance of Trade $-1.18B $-0.28B $0.87B $ 0.94B
2019-01-21 03:30 AM Balance of Trade $-1.18B $-1.1B $ 0.29B
2019-02-21 04:30 AM Balance of Trade
2019-03-21 04:00 AM Balance of Trade


Thailand Trade Last Previous Highest Lowest Unit
Balance of Trade -1177.80 -279.50 4974.14 -5916.16 USD Million [+]
Current Account 1632.47 1887.61 7594.30 -3745.26 USD Million [+]
Current Account to GDP 10.60 11.70 12.70 -8.30 percent [+]
Imports 22414.65 22036.71 24937.81 2760.00 USD Million [+]
Exports 21236.32 21757.21 22794.45 1997.00 USD Million [+]
External Debt 158129.39 154162.40 158129.39 58984.85 USD Million [+]
Terms of Trade 108.72 107.05 115.39 96.39 Index Points [+]
Tourist Arrivals 3177569.00 2712033.00 3566898.00 404563.00 [+]
Gold Reserves 154.00 154.00 154.00 72.59 Tonnes [+]
Terrorism Index 6.61 6.71 7.28 4.10 [+]
Remittances 11796.00 13190.00 13376.00 2316.00 THB Billion [+]
Crude Oil Production 225.00 230.00 273.00 46.00 BBL/D/1K [+]
Foreign Direct Investment 25429.86 31169.43 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1177.80 -279.50 4974.14 -5916.16 1991 - 2018 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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