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Thailand Trade

Thailand Trade

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

Note: This chart displays Trade Balance (USD billion) for Thailand from 2014 to 2023.
Source: Macrobond.

Thailand Trade Data

2019 2020 2021 2022 2023
Merchandise Trade Balance (USD bn) 26.6 40.5 32.3 13.3 17.2

Merchandise exports accelerate in May

Merchandise exports rose 7.8% on an annual basis in May, following April’s 5.8% increase. The outturn marked the fastest growth since September 2022. Meanwhile, merchandise imports contracted 2.4% over the same month last year in May (April: +6.4% yoy), marking the weakest result since September 2023. As a result, the merchandise trade balance improved from the previous month, recording a USD 2.8 billion surplus in May (April 2024: USD 0.3 billion surplus; May 2023: USD 0.4 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 16.4 billion surplus in May, compared to the USD 14.0 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 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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