Merchandise Trade Balance in Thailand
The merchandise trade balance in Thailand averaged USD 24.7 billion in the decade to 2022. The 2022 reading was USD 13.3 billion. For more trade information, visit our dedicated page.
Thailand Trade Chart
Thailand Trade Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Merchandise Trade Balance (USD bn) | 22.3 | 26.6 | 40.5 | 32.3 | 13.3 |
Merchandise exports grow at a softer rate in December
Merchandise exports climbed 3.1% over the same month last year in December (November: +3.7% year-on-year). Meanwhile, merchandise imports fell 1.6% on an annual basis in December (November: +9.3% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 2.3 billion surplus in December (November 2023: USD 0.2 billion deficit; December 2022: USD 1.3 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 17.0 billion surplus in December, compared to the USD 16.0 billion surplus in November.
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 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 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.
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