Thailand's trade deficit increased to USD 4.2 billion in August 2022 from USD 0.99 billion in the same month a year earlier, and above market consensus of USD 3.15 billion gap. This was the fifth straight month of shortfall in trade balance, and the largest gap since April 2013 with imports increasing much faster than exports, as domestic demand strengthened further as the economy fully recovered from the COVID-19 hit. Inbound shipments jumped 23.9 percent year-on-year, while outbound shipments rose by 7.5 percent. Considering the first eight months of the year, the trade deficit widened sharply to USD 7.9 billion from USD 0.38 billion in same period of 2021. source: Ministry of Commerce, Thailand

Balance of Trade in Thailand averaged 99.75 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 October of 2022.

Balance of Trade in Thailand is expected to be -5400.00 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 -5000.00 USD Million in 2023 and -4600.00 USD Million in 2024, according to our econometric models.

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Thailand Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-08-26 04:30 AM Jul $-3.66B $-1.53B $-1.6B $-1.4B
2022-09-26 04:00 AM Aug $-4.2B $-3.66B $-3.15B $-3.2B
2022-10-21 10:15 AM Sep $-4.2B $ -5.4B


Related Last Previous Unit Reference
Balance of Trade -4215.40 -3660.50 USD Million Aug 2022
Imports 27848.10 27289.77 USD Million Aug 2022
Exports 23632.72 23629.29 USD Million Aug 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
-4215.40 -3660.50 4974.14 -5916.16 1991 - 2022 USD Million Monthly
Current Prices, NSA

News Stream
Thailand Posts Largest Trade Gap Since 2013
Thailand's trade deficit increased to USD 4.2 billion in August 2022 from USD 0.99 billion in the same month a year earlier, and above market consensus of USD 3.15 billion gap. This was the fifth straight month of shortfall in trade balance, and the largest gap since April 2013 with imports increasing much faster than exports, as domestic demand strengthened further as the economy fully recovered from the COVID-19 hit. Inbound shipments jumped 23.9 percent year-on-year, while outbound shipments rose by 7.5 percent. Considering the first eight months of the year, the trade deficit widened sharply to USD 7.9 billion from USD 0.38 billion in same period of 2021.
2022-09-26
Thailand Trade Surplus Largest in 3-1/2 Years
Thailand recorded a trade deficit of USD 3.66 billion in July 2022, compared to market consensus of USD 1.6 billion gap while shifting from a surplus of USD 0.62 billion in the same month a year earlier. This was the fourth straight month of shortfall in trade balance, and the largest gap since January 2019 with imports rising much faster than exports. Inbound shipments soared 23.9 percent year-on-year, while outbound shipments grew by 4.3 percent. Considering the first seven months of the year, the trade goods posted a deficit of USD 9.9 billion, swinging from a surplus of USD 3.8 billion in same period of 2021.
2022-08-26
Thailand Trade Balance Swings to Deficit
Thailand recorded a trade deficit of USD 1.53 billion in June 2022, matching market consensus while shifting from a surplus of USD 1.18 billion in the same month a year earlier. It was the third straight month of shortfall in trade balance, with imports growing much faster than exports. Inbound shipments jumped 24.5 percent year-on-year, the most in six months; while outbound shipments rose by 11.9 percent. Considering the first half of the year, the trade goods posted a deficit of USD 6.3 billion, swinging from a surplus of USD 3.8 billion in same period of 2021.
2022-07-27