Thailand's trade surplus increased to USD 0.96 billion in December 2020 from USD 0.73 billion in the same month the prior year and beating market estimates of a USD 0.58 billion surplus. This marked the eleventh straight month of trade surplus, as exports grew by 4.7 percent year-on-year to USD 20.08 billion while imports rose at a slower 3.62 percent to USD 19.12 billion. Considering full 2020, the trade surplus jumped to USD 24.47 billion from USD 10.01 billion in the same period of 2019. source: Ministry of Commerce, Thailand
Balance of Trade in Thailand averaged 127.87 USD Million from 1991 until 2020, 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. This page provides the latest reported value for - Thailand Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Thailand Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Balance of Trade in Thailand is expected to be 690.00 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 690.00 in 12 months time. In the long-term, the Thailand Balance of Trade is projected to trend around 690.00 USD Million in 2022 and 1700.00 USD Million in 2023, according to our econometric models.