Thailand Trade Balance April 2022

Thailand

Thailand: Merchandise exports rise at a softer pace in April

June 1, 2022

Merchandise exports climbed 9.9% year-on-year in April (March: +19.5% year-on-year). Meanwhile, merchandise imports jumped 21.5% in annual terms in April (March: +18.0% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.9 billion deficit in April (March 2022: USD 1.5 billion surplus; April 2021: USD 0.5 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 0.8 billion deficit in April, compared to the USD 1.5 billion surplus in March.

FocusEconomics panelists project exports to grow 5.0% in 2022 and imports 7.6%, which would bring the trade surplus to USD 36.1 billion. In 2023, exports and imports are expected to increase 5.0% and 5.8% respectively, with the trade surplus at USD 36.1 billion.


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