Latest reading: Merchandise exports were broadly stable in June, falling just 0.1% year-on-year, following May’s 2.2% fall. Meanwhile, merchandise imports...
Merchandise Imports in Thailand
Merchandise imports in Thailand were worth USD 277.6 billion in 2024, compared to USD 209.4 billion ten years earlier, and they averaged USD 223.2 billion over the last decade. For more information on imports, visit our dedicated page.
Thailand Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for Thailand from 2014 to 2024.
Source: Macrobond.
Thailand Merchandise Imports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 186.4 | 238.8 | 271.6 | 261.3 | 277.6 |
| Merchandise Imports (ann. var. %) | -13.7 | 28.1 | 13.7 | -3.8 | 6.2 |
Merchandise exports grow at a faster pace in May
Latest reading: Merchandise exports shot up 18.5% in annual terms in May (April: +9.8% year-on-year). The result marked the fastest outturn since March 2022. Meanwhile, merchandise imports jumped 19.3% on an annual basis in May (April: +17.2% yoy), marking the highest print since August 2022. As a result, the merchandise trade balance improved from the previous month, recording a USD 3.4 billion surplus in May (April 2025: USD 1.4 billion deficit; May 2024: USD 3.0 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 23.7 billion surplus in May, compared to the USD 23.3 billion surplus in April.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Thai merchandise imports projections for the next ten years from a panel of 11 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 imports forecast available for Thai merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai merchandise imports projections.
Want to get access to the full dataset of Thai merchandise imports forecasts? Send an email to info@focus-economics.com.
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