Latest reading: Merchandise exports soared 15.1% annually in May, on the heels of April’s 7.6% rise. May’s result marked the...
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 209.4 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 rise at a more moderate rate in April
Latest reading: Merchandise exports rose 9.8% over the same month last year in April, on the heels of March’s 17.8% upturn. Meanwhile, merchandise imports soared 17.2% on an annual basis in April (March: +9.4% yoy), marking the strongest result since September 2022. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 1.4 billion shortfall in April (March 2025: USD 3.4 billion surplus; April 2024: USD 0.2 billion surplus). Lastly, the trend deteriorated, with the 12-month trailing merchandise trade balance recording a USD 23.3 billion surplus in April, compared to the USD 25.0 billion surplus in March.
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 12 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.
Latest Global Trade News
-
Philippines: Merchandise exports gain steam in May -
Thailand: 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... -
Mexico: Merchandise exports fall in May Latest reading: Merchandise exports fell 0.3% year-on-year in May, contrasting April’s 5.8% increase, due to declines in oil and car... -
Argentina: Merchandise exports decline in May Latest reading: Merchandise exports contracted 7.4% annually in May, on the heels of April’s 2.3% increase. The figure marked the... -
Japan: Exports shrink in May Latest reading: Yen-denominated merchandise exports shrank annually for the first time since September in April, declining 1.7%. This contrasted April’s... -
Singapore: Non-oil domestic exports decline in May Latest reading: Non-oil domestic exports (NODX) declined 3.5% in annual terms in May (April: +12.4% yoy), marking the largest contraction... -
India: Merchandise exports drop in May Latest reading: Merchandise exports decreased 2.2% annually in May, contrasting April’s 9.0% increase. Meanwhile, merchandise imports fell 1.7% over the...