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.