Merchandise Trade Balance in Thailand
The merchandise trade balance in Thailand averaged USD 25.9 billion in the decade to 2024. The 2024 reading was USD 19.2 billion. For more information on trade, visit our dedicated page.
Thailand Trade Chart
Note: This chart displays Trade Balance (USD billion) for Thailand from 2014 to 2024.
Source: Macrobond.
Thailand Trade Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Merchandise Trade Balance (USD bn) | 40.5 | 31.9 | 13.3 | 19.6 | 19.2 |
Merchandise exports grow at a faster pace in May
Latest reading: Merchandise exports shot up 18.5% in annual terms in May (April: +9.8% year-on-year). The result marked the fastest outturn since March 2022. Meanwhile, merchandise imports jumped 19.3% on an annual basis in May (April: +17.2% yoy), marking the highest print since August 2022. As a result, the merchandise trade balance improved from the previous month, recording a USD 3.4 billion surplus in May (April 2025: USD 1.4 billion deficit; May 2024: USD 3.0 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 23.7 billion surplus in May, compared to the USD 23.3 billion surplus in April.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Thai trade 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 trade forecast available for Thai trade.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Thai trade projections.
Want to get access to the full dataset of Thai trade forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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