Thailand Balance of Trade

Last Release

Nov 30, 2024

Actual

-224.4

Units In

USD Million

-790

Frequency

Monthly

Next Release

Jan 27, 2025

Time to Release

1 Months 0 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
4,974.14 Feb 2016	-5,916.16 Jan 2013	42.21 USD Million	1991-2024	N/A

As an export oriented country, Thailand is highly exposed to external economic shocks, which lower demand for Thai products, thus affecting the trade balance. Thailand major exports are electronics, vehicles, machinery and equipment. The country mainly imports fuel, electronic and machinery appliances. Main trading partner are Japan (10 percent of total exports and 20 percent of total imports) and China (12 percent of total exports and 15 percent of total imports). Others include: the European Union, the United States and Malaysia.

Latest Updates

Thailand's trade deficit slumped to USD 0.22 billion in November 2024, down from USD 2.40 billion in the same month of the previous year, as exports grew much more than imports. Exports increased 8.2% from a year earlier to USD 25.61 billion, the fifth consecutive month of expansion, easing sharply from the fastest pace in three months in October of 14.6%. Meanwhile, purchases rose by 0.9% to USD 25.83 billion, the sixth straight month of growth, slowing sharply from October's 15.9%, which was the strongest growth since August 2022. For the first eleven months of 2024, the trade balance recorded a deficit of USD 6.27 billion, with exports rising by 5.14%, slightly less than the 5.65% increase in imports.