Thailand Balance of Trade

Last Release

Jan 31, 2025

Actual

-1,880

Units In

USD Million

-10

Frequency

Monthly

Next Release

Mar 25, 2025

Time to Release

26 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
4,974.14 Feb 2016	-5,916.16 Jan 2013	37.39 USD Million	1991-2025	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 declined to USD 1.88 billion in January 2025 from USD 2.76 billion in the same month of the previous year, compared to market estimates of a USD 1.9 billion gap as exports rose much more than imports. Sales grew 13.6% from a year earlier to USD 25.28 billion, the seventh consecutive month of expansion, above market forecasts of 7.15% and December's print of an 8.7% rise. Meanwhile, purchases climbed by 7.9% to USD 27.16 billion, the eighth straight month of growth, easing sharply from a 14.9% jump in December, surpassing market estimates of a 2.95% rise. Last year, the trade balance registered a deficit of USD 6.28 billion, with exports rising by 5.4%, less than the 6.3% growth in imports.