Thailand's trade deficit surged to USD 1.03 billion in December of 2022 from USD 0.42 billion in the same period a year earlier and compared with market consensus of a USD 1.06 billion gap. This was the ninth straight month of trade shortfall, with exports declining faster than imports amid weak demand both at home and abroad. Sales contracted 14.6 percent yoy to USD 21.72 billion, the third month of decrease and the steepest pace since June 2020. Meanwhile, imports shrank 12.0 percent to USD 22.75 billion, the biggest drop in 14 months. source: Ministry of Commerce, Thailand

Balance of Trade in Thailand averaged 88.71 USD Million from 1991 until 2022, 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 February of 2023.

Balance of Trade in Thailand is expected to be -3600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Balance of Trade is projected to trend around -4600.00 USD Million in 2024 and -5000.00 USD Million in 2025, according to our econometric models.

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Thailand Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-12-27 07:30 AM Nov $-1.34B $-0.6B $-0.2B $-0.2B
2023-01-24 07:30 AM Dec $-1.03B $-1.34B $-1.06B $-1.6B
2023-03-01 03:30 AM Jan $-1.03B $-0.9B


Related Last Previous Unit Reference
Balance of Trade -1030.00 -1342.27 USD Million Dec 2022
Imports 22752.71 23650.30 USD Million Dec 2022
Exports 21718.80 22380.00 USD Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1030.00 -1342.27 4974.14 -5916.16 1991 - 2022 USD Million Monthly
Current Prices, NSA

News Stream
Thailand Logs Trade Gap for 9th Month
Thailand's trade deficit surged to USD 1.03 billion in December of 2022 from USD 0.42 billion in the same period a year earlier and compared with market consensus of a USD 1.06 billion gap. This was the ninth straight month of trade shortfall, with exports declining faster than imports amid weak demand both at home and abroad. Sales contracted 14.6 percent yoy to USD 21.72 billion, the third month of decrease and the steepest pace since June 2020. Meanwhile, imports shrank 12.0 percent to USD 22.75 billion, the biggest drop in 14 months.
2023-01-24
Thailand Posts Largest Trade Gap in 3 Months
Thailand posted a trade deficit of USD 1.34 billion in November of 2022, shifting from a USD 1.32 billion surplus in the same month a year earlier and compared with market consensus of a USD 0.2 billion gap. This was the largest trade shortfall since August, as imports surged while exports plunged, due to a global slowdown and China's lockdown measures. Sales shrank 6 percent yoy, compared to market consensus of a 5.2 percent fall, while imports unexpectedly jumped 5.6 percent, missing market expectations of a 0.8 percent drop.
2022-12-27
Thailand Posts 7th Straight Month of Trade Gap
Thailand's trade deficit surged to USD 596 million in October of 2022 from USD 65.6 million in the same month a year earlier and compared with market consensus of a gap of USD 1.2 billion. This was the seventh straight month of shortfall in the trade balance, amid unexpected declines in both exports and imports. Sales contracted 4.4 percent yoy to USD 21.77 billion, missing estimates of a 6 percent rise and declining for the first time since February 2021; while imports were down 2.1 percent to USD 22.37 billion, following growth in the prior 21 months, compared with expectations of a 10 percent increase. Considering the first ten months of the year, the trade deficit was at USD 15.6 billion.
2022-11-28