Latest reading: In August, the trade balance was USD +0.8 billion, following a USD +2.5 billion reading in the prior...
Merchandise Trade Balance in Thailand
The merchandise trade balance in Thailand averaged USD 25.9 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 2023 to 2022.
Source: Macrobond.
Thailand Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 40.5 | 31.9 | 13.3 | 19.4 | 21.2 |
Merchandise trade surplus shrinks in August
Latest reading: In August, the trade balance was USD +0.8 billion, following a USD +2.5 billion reading in the prior month. Over the last 12 months, the trade balance summed to USD +26.1 billion. Exports rose 5.6% in year-on-year terms in August, coming on the back of 9.6% growth in the previous month. Imports increased 14.8% in year-on-year terms in August, following a 4.4% rise in the prior month.
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 9 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
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Thailand: Merchandise trade surplus shrinks in August -
Mexico: Merchandise trade slips into deficit in August Latest reading: In August, the trade balance was USD -1.9 billion, following a USD 0.0 billion reading in the prior... -
Argentina: Merchandise trade surplus widens in August Latest reading: In August, the trade balance was USD +1.4 billion, following a USD +0.9 billion reading in the prior... -
Malaysia: Merchandise trade surplus widens in August Latest reading: In August, the trade balance was USD +3.8 billion, following a USD +3.4 billion reading in the prior... -
Japan: Merchandise exports fall further in August Latest reading: In August, the trade balance was JPY -0.2 trillion, following a JPY -0.1 trillion reading in the prior... -
Peru: Merchandise trade surplus narrows in July Latest reading: In July, the trade balance was USD +2.1 billion, following a USD +2.5 billion reading in the prior... -
Finland: Merchandise trade surplus widens in July Latest reading: In July, the merchandise trade balance improved from the previous month, recording a EUR +2.0 billion surplus (June:...