Latest reading: In February, the trade balance was USD +91.0 billion, following a USD +122.6 billion figure in the previous...
Merchandise Exports in Thailand
Merchandise exports were worth USD 296.8 billion in 2024 in Thailand compared to USD 226.6 billion ten years earlier, and averaged USD 249.2 billion over the last decade. For more exports information, visit our dedicated page.
Thailand Merchandise Exports Chart
Note: This chart displays Exports (USD billion) for Thailand from 2014 to 2025.
Source: Macrobond.
Thailand Merchandise Exports Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Exports (USD bn) | 226.9 | 270.7 | 284.9 | 281.0 | 297.1 |
| Merchandise Exports (ann. var. %) | -6.5 | 19.3 | 5.2 | -1.4 | 5.7 |
Merchandise trade slips into deficit in January
Latest reading: In January, the trade balance was USD -0.7 billion, following a USD +2.7 billion figure in the previous month. Over the last 12 months, the trade balance summed to USD +21.9 billion. Merchandise exportswere up 23.5% in year-on-year terms in January, coming on the back of 17.9% growth in the previous month. January's reading was the strongest since December 2021. Merchandise imports increased 30.0% in annual terms in January, coming on the back of 17.9% growth in the previous month. January's reading was the strongest since December 2021.
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 merchandise exports projections for the next ten years from a panel of 11 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 merchandise exports forecast available for Thai merchandise exports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai merchandise exports projections.
Want to get access to the full dataset of Thai merchandise exports forecasts? Send an email to info@focus-economics.com.
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