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
Note: This chart displays Exports (USD billion) for Thailand from 2013 to 2022.
Source: MSCI Inc.
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 increase at a more moderate pace in September
Merchandise exports rose 2.1% year-on-year in September, on the heels of August’s 2.6% rise. Meanwhile, merchandise imports declined 8.3% over the same month last year in September (August: -12.8% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 2.1 billion surplus in September (August 2023: USD 0.4 billion surplus; September 2022: USD 0.5 billion deficit). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 8.0 billion deficit in September, compared to the USD 10.6 billion deficit in August.
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.