Thailand Balance of Trade

Last Release

Sep 30, 2024

Actual

394.2

Units In

USD Million

260

Frequency

Monthly

Next Release

Nov 25, 2024

Time to Release

26 Days 3 Hours

Highest	Lowest	Average	Date Range	Source
4,974.14 Feb 2016	-5,916.16 Jan 2013	44.93 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 surplus slumped to USD 0.39 billion in September 2024 from USD 2.09 billion in the same month of the previous year, smaller than market forecasts of USD 1.54 billion. Exports increased 1.1% from a year earlier to USD 25.98 billion, slowing strongly from August's 7.0%, compared to the market forecast of a 2.9% growth. Meanwhile, purchases grew by 9.9% to USD 25.59 billion, the fourth straight month of growth, accelerating from August's 8.9%, above estimates of 6%. For the first nine months of 2024, the trade balance posted a deficit of USD 5.96 billion, with exports (3.9%) rising less than imports (5.5%).