Latest reading: Merchandise exports decreased 2.2% annually in May, contrasting April’s 9.0% increase. Meanwhile, merchandise imports fell 1.7% over the...
Merchandise Trade Balance in Thailand
In the year 2024, the merchandise trade balance in Thailand was USD 19.22 billion, compared to USD 17.22 billion in 2014 and USD 19.63 billion in 2023. It averaged USD 25.94 billion over the last decade. For more trade information, 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 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 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
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India: Merchandise exports drop in May -
Peru: Merchandise exports grow at a milder pace in April Latest reading: Merchandise exports soared 12.4% annually in April, on the heels of March’s 26.5% jump. Meanwhile, merchandise imports increased... -
China: Merchandise exports grow at a milder pace in May Latest reading: Merchandise exports climbed 4.8% on an annual basis in May, on the heels of April’s 8.1% rise and... -
Taiwan: Merchandise exports accelerate in May Latest reading: Merchandise exports shot up 38.6% year-on-year in May (April: +29.9% year-on-year). May’s result marked the fastest expansion since... -
Germany: Merchandise exports fall in April as boost from front-loading ahead of U.S. tariff hikes fades Latest reading: Merchandise exports shrank 1.7% month on month in seasonally adjusted terms in April, contrasting March’s 1.2% rise and... -
Germany: Merchandise exports fall in April as boost from front-loading ahead of U.S. tariff hikes fades Latest reading: Merchandise exports shrank 1.7% month on month in seasonally adjusted terms in April, contrasting March’s 1.2% rise and... -
Philippines: Merchandise exports rise at a softer pace in April Latest reading: Merchandise exports rose 7.0% on an annual basis in April, following March’s 8.7% increase. Meanwhile, merchandise imports fell...