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.

Thailand Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-21 04:00 AM Balance of Trade $4.03B $-4.03B $0.14B $-1B
2019-04-22 03:30 AM Balance of Trade $2.0B $4.03B $1.28B $2.5B
2019-05-22 04:00 AM Balance of Trade $-1.46B $2.0B $-0.49B $-0.85B
2019-06-21 03:00 AM Balance of Trade $0.18B $-1.46B $0.58B $0.9B
2019-07-22 03:00 AM Balance of Trade $0.18B $0.58B $ 1.3B
2019-08-21 04:00 AM Balance of Trade $-0.7B
2019-09-20 04:00 AM Balance of Trade $-0.4B


Thailand Trade Last Previous Highest Lowest Unit
Balance of Trade 181.53 -1457.21 4974.14 -5916.16 USD Million [+]
Current Account -380.00 1780.00 7594.30 -3745.26 USD Million [+]
Current Account to GDP 7.50 11.00 12.70 -8.30 percent [+]
Imports 20928.36 20012.85 24937.81 2760.00 USD Million [+]
Exports 21017.92 18555.64 22794.45 1997.00 USD Million [+]
External Debt 163402.95 161014.26 163402.95 58984.85 USD Million [+]
Terms of Trade 108.18 108.05 115.39 96.39 Index Points [+]
Tourist Arrivals 2726808.00 3195006.00 3845811.00 404563.00 [+]
Gold Reserves 154.00 154.00 154.00 72.59 Tonnes [+]
Remittances 10941.00 11417.00 13376.00 2316.00 THB Billion [+]
Terrorism Index 6.25 6.61 7.28 4.10 [+]
Crude Oil Production 242.00 215.00 273.00 46.00 BBL/D/1K [+]
Foreign Direct Investment 70100.40 -59514.31 125800.99 -95430.07 THB Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Thailand Balance of Trade

As an export oriented country, Thailand is highly exposed to external economic shocks, which lower demand for Thai products, thus affecting the trade balance. Thailand major exports are electronics, vehicles, machinery and equipment. The country mainly imports fuel, electronic and machinery appliances. Main trading partner are Japan (10 percent of total exports and 20 percent of total imports) and China (12 percent of total exports and 15 percent of total imports). Others include: the European Union, the United States and Malaysia. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
181.53 -1457.21 4974.14 -5916.16 1991 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan -967.11 May/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 3962.64 May/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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