Thailand's trade surplus plunged to 0.18 billion in May 2019 from USD 1.34 billion in the same month a year earlier and missing market consensus of a USD 0.8 billion surplus. Exports fell 5.79 percent year-on-year to USD 21.02 billion, while imports shrank at a softer 0.64 percent to USD 20.84 billion. Considering the first five months of the year, the country's trade surplus tumbled to USD 0.72 billion from USD 2.53 billion in the corresponding period the previous year. Balance of Trade in Thailand averaged 33.95 USD Million from 1991 until 2019, reaching an all time high of 4974.14 USD Million in February of 2016 and a record low of -5916.16 USD Million in January of 2013.
Balance of Trade in Thailand is expected to be 1300.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Thailand to stand at 3100.00 in 12 months time. In the long-term, the Thailand Balance of Trade is projected to trend around 690.00 USD Million in 2020, according to our econometric models.