Latest reading: In January, the trade balance was USD +2.3 billion, following a USD +3.2 billion figure in the previous...
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 2025.
Source: Macrobond.
Thailand Trade Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Merchandise Trade Balance (USD bn) | 40.5 | 31.9 | 13.3 | 19.4 | 21.2 |
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 trade 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 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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Taiwan: Merchandise trade surplus narrows in February Latest reading: In February, the trade balance was USD +12.8 billion, following a USD +18.9 billion reading in the previous... -
Brazil: Merchandise trade surplus increases in February Latest reading: In February, the trade balance was USD +4.2 billion, following a USD +3.8 billion figure in the prior... -
Thailand: 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... -
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