Latest reading: Merchandise exports increased 0.6% over the same month last year in March (February: +13.7% year-on-year). March’s outturn marked...
Merchandise Trade Balance in Thailand
In the year 2024, the merchandise trade balance in Thailand was USD 19.22 billion, compared to USD 17.22 billion in 2014 and USD 19.63 billion in 2023. It averaged USD 25.94 billion over the last decade. For more trade information, visit our dedicated page.
Thailand Trade Chart
Note: This chart displays Trade Balance (USD billion) for Thailand from 2024 to 2023.
Source: Macrobond.
Thailand Trade Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 26.6 | 40.5 | 31.9 | 13.3 | 19.6 |
Merchandise exports surge in March
Latest reading: Merchandise exports shot up 17.8% on an annual basis in March, following February’s 13.9% jump. March’s upturn marked the fastest expansion in two years. Meanwhile, merchandise imports increased 9.4% in annual terms in March (February: +4.1% yoy). As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 3.4 billion surplus in March (February 2025: USD 4.4 billion surplus; March 2024: USD 1.2 billion surplus). Lastly, the trend improved, with the 12-month trailing merchandise trade balance recording a USD 25.0 billion surplus in March, compared to the USD 22.8 billion surplus in February.
Outlook: Looming reciprocal tariffs, weaker-than-expected global economic growth and deteriorating market sentiment pose downside risks to trade.
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 trade projections for the next ten years from a panel of 12 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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Malaysia: Merchandise exports growth soars in April Latest reading: Merchandise exports jumped 25.7% on an annual basis in April (March: +13.6% year-on-year). April’s figure marked the strongest... -
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India: Merchandise exports gain steam in April Latest reading: Merchandise exports rose 9.0% on an annual basis in April (March: 0.7% yoy), the sharpest increase in six... -
Peru: Merchandise exports accelerate in March Latest reading: Merchandise exports shot up 26.5% over the same month last year in March (February: +18.1% year-on-year). This reflected...