Thailand Balance of Trade

Thailand recorded a trade surplus of 1,540 USD million in May of 2016, compared to a 2,416 USD million surplus a year earlier and below market estimates, as exports fell while imports unexpectedly rose. Year-on-year, sales decreased by 4.4 percent to 17,620 USD million, following a 8.0 percent drop in April. Imports were up 0.5 percent to 16,080 USD million, after declining 14.92 percent in April while market expected a 5.45 percent fall. In April 2016, trade surplus was recorded at 721.35 USD million. Balance of Trade in Thailand averaged -62.53 USD Million from 1991 until 2016, reaching an all time high of 4990 USD Million in February of 2016 and a record low of -5906.41 USD Million in January of 2013. Balance of Trade in Thailand is reported by the Ministry of Commerce, Thailand. 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. 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.