Thailand's trade surplus widened to USD 2.0 billion in March 2019 from USD 1.5 billion in the same month a year earlier and well above market consensus of a USD 1.28 billion surplus. Exports fell 4.88 percent, compared with forecasts of a 3 percent decline, due to a drop in shipments of electronics, oil and related products, and computers and accessories. Meanwhile, imports slumped 7.63 percent, worse than expectations of a 2.95 percent decrease. Considering the first three month of the year, the trade surplus narrowed to USD 2.0 billion from USD 2.3 billion in the corresponding period the previous year. Balance of Trade in Thailand averaged 37.92 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 1290.00 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.