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Thailand Trade

Thailand Trade

Merchandise Trade Balance in Thailand

The merchandise trade balance in Thailand averaged USD 17.2 billion in the decade to 2024. The 2024 reading was USD 19.2 billion. For more information on trade, visit our dedicated page

Thailand Trade Chart

Note: This chart displays Trade Balance (USD billion) for Thailand from 2014 to 2024.
Source: Macrobond.

Thailand Trade Data

2020 2021 2022 2023 2024
Merchandise Trade Balance (USD bn) 40.5 31.9 13.3 19.6 19.2

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 trade 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 trade forecast available for Thai trade.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai trade projections.

Want to get access to the full dataset of Thai trade forecasts? Send an email to info@focus-economics.com.

Latest Global Trade News

  • 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...
  • Japan: Exports shrink in May
    Latest reading: Yen-denominated merchandise exports shrank annually for the first time since September in May, declining 1.7%. This contrasted April’s...
  • 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...

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Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

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