Thailand's trade surplus soared to USD 4.35 billion in August of 2020 from USD 2.20 billion in the same month the prior year and above market estimates of a USD 3.45 billion surplus. This marked the seventh straight month of trade surplus and the largest since February 2016, as exports fell by 7.94 percent to USD 20.21 billion, while imports dropped at a faster 19.68 percent to USD 15.86 billion. Considering the first eight months of the year, the trade surplus soared to USD 108.35 billion from USD 6.87 billion in the corresponding period of 2019.
Balance of Trade in Thailand averaged 114.44 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 October of 2020. source: Ministry of Commerce, Thailand
Balance of Trade in Thailand is expected to be 4500.00 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 2000.00 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 1700.00 USD Million in 2022, according to our econometric models.