Merchandise Exports in Thailand
Merchandise exports from Thailand were worth USD 284.9 billion in 2022, compared to USD 227.5 billion ten years earlier and averaged USD 239.1 billion over the past decade. For more exports information, visit our dedicated page.
Thailand Merchandise Exports Chart
Thailand Merchandise Exports Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Merchandise Exports (USD bn) | 251.0 | 242.7 | 226.9 | 270.7 | 284.9 |
Merchandise Exports (ann. var. %) | 7.6 | -3.3 | -6.5 | 19.3 | 5.2 |
Merchandise exports grow at a softer rate in December
Merchandise exports climbed 3.1% over the same month last year in December (November: +3.7% year-on-year). Meanwhile, merchandise imports fell 1.6% on an annual basis in December (November: +9.3% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 2.3 billion surplus in December (November 2023: USD 0.2 billion deficit; December 2022: USD 1.3 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 17.0 billion surplus in December, compared to the USD 16.0 billion surplus in November.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Thai merchandise exports projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise exports forecast available for Thai merchandise exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai merchandise exports projections.
Want to get access to the full dataset of Thai merchandise exports forecasts? Send an email to info@focus-economics.com.
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