Thailand's trade deficit declined to USD 0.55 billion in February 2024 from USD 1.11 billion in the same month of 2023, roughly in line with market forecasts, as exports grew more than imports. Shipments rose 3.6% from a year earlier, growing for the seventh consecutive month despite the rate of increase softening sharply from a 10% jump in January. Meantime, purchases grew 3.2%, accelerating from a 2.6% rise in the prior month and exceeding market forecasts of 1.5%. In the first two months of the year, the trade balance posted a deficit of USD 3.31 billion, with exports and imports rising by 6.7% and 2.9%, respectively. Last year, the trade shortfall stood at USD 5.2 billion as exports fell by 1% while imports dropped at a steeper 3.8%. source: Ministry of Commerce, Thailand
Thailand recorded a trade deficit of 553.99 USD Million in February of 2024. Balance of Trade in Thailand averaged 56.93 USD Million from 1991 until 2024, reaching an all time high of 4974.14 USD Million in February of 2016 and a record low of -5916.16 USD Million in January of 2013. This page provides the latest reported value for - Thailand Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Thailand Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Thailand recorded a trade deficit of 553.99 USD Million in February of 2024. Balance of Trade in Thailand is expected to be 350.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Thailand Balance of Trade is projected to trend around -3000.00 USD Million in 2025 and -5000.00 USD Million in 2026, according to our econometric models.