Latest reading: Merchandise exports rose 7.5% annually in July, on the heels of June’s 10.8% upturn and underpinned by higher...
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 2024 to 2023.
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 exports growth slows in July
Latest reading: Merchandise exports climbed 9.6% year on year in July, on the heels of June’s 16.0% upturn. The figure marked the weakest increase since December 2024 and likely reflected the fading effect from shipment frontloading earlier this year. Meanwhile, merchandise imports rose 4.4% on an annual basis in July (June: +13.7% yoy), marking the weakest result since February 2025. As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 2.5 billion surplus in July (June 2025: USD 3.3 billion surplus; July 2024: USD 1.1 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 28.1 billion surplus in July, compared to the USD 26.7 billion surplus in June.
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 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 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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