Thailand Trade Balance

1957 - 2024 | Monthly | USD mn | CEIC Data

Key information about Thailand's Trade Balance

  • Thailand's Trade Balance recorded a deficit of 2.8 USD bn in Jan 2024, compared with a surplus of 972.8 USD mn in the previous month
  • Thailand's Trade Balance data is updated monthly, available from Jan 1957 to Jan 2024, with an averaged value of -41.4 USD mn
  • The data reached an all-time high of 5.0 USD bn in Feb 2016 and a record low of -5.9 USD bn in Jan 2013
CEIC extends history for monthly Trade Balance. The Ministry of Commerce provides Trade Balance in USD. Trade Balance prior to January 1991 is sourced from the International Monetary Fund.

Further information about Thailand's Trade Balance

  • In the latest reports, Thailand's Total Exports reached 22.6 USD bn in Jan 2024, an increase of 2.8% YoY (year-on-year)
  • Total Imports recorded 25.4 USD bn in Jan 2024, an increase of 2.8% YoY (year-on-year)

View Thailand's Trade Balance from Jan 1957 to Jan 2024 in the chart:

Thailand Trade Balance

What was Thailand's Trade Balance in Jan 2024?

Thailand's Trade Balance recorded a deficit of 2.8 USD bn in Jan 2024, compared with a surplus of 972.8 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-2,757.9 Jan 2024 972.8 Dec 2023 -5,916.2 Jan 2013 4,974.1 Feb 2016 USD mn monthly Jan 1957 - Jan 2024

Trade Balance by Country Comparison

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Includes Trade Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) -402.6 Nov 2023 monthly Oct 1998 - Nov 2023
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 957.1 Jan 2024 monthly Jan 1991 - Jan 2024
Armenia (USD mn) -98.2 Nov 2023 monthly Nov 1995 - Nov 2023
Australia (USD mn) 7,335.5 Dec 2023 monthly Jul 1971 - Dec 2023
Austria (USD mn) 1,200.8 Oct 2023 monthly Jan 1957 - Oct 2023
Azerbaijan (USD mn) 912.8 Dec 2023 monthly Jan 2000 - Dec 2023
Bahrain (USD mn) 8,242.9 2022 yearly 1966 - 2022
Bangladesh (USD mn) -2,075.4 Dec 2023 monthly Jul 1986 - Dec 2023
Belarus (USD mn) -258.4 Dec 2023 monthly Jan 2000 - Dec 2023
Belgium (USD mn) 301.5 Dec 2023 monthly Jan 1993 - Dec 2023
Bolivia (USD mn) -181.2 Dec 2023 monthly Oct 1994 - Dec 2023
Bosnia and Herzegovina (USD mn) -534.3 Dec 2023 monthly Jan 2000 - Dec 2023
Botswana (USD mn) -133.1 Dec 2023 monthly Jan 2001 - Dec 2023
Brazil (USD mn) 6,526.6 Jan 2024 monthly Jan 1959 - Jan 2024
Brunei (USD mn) 685.7 Dec 2023 monthly Jan 2010 - Dec 2023
Bulgaria (USD mn) -735.0 Dec 2023 monthly Jan 1995 - Dec 2023
Cambodia (USD mn) -8.0 Dec 2023 monthly Jun 2013 - Dec 2023
Canada (USD mn) 1,142.8 Nov 2023 monthly Jan 1988 - Nov 2023
Chile (USD mn) 2,622.3 Jan 2024 monthly Jan 1968 - Jan 2024
China (USD mn) 75,340.4 Dec 2023 monthly Jan 1992 - Dec 2023
Colombia (USD mn) -811.3 Dec 2023 monthly Jan 1958 - Dec 2023
Croatia (USD mn) -1,134.6 Nov 2023 monthly Jan 1993 - Nov 2023
Cyprus (USD mn) -630.5 Dec 2023 monthly Jan 1957 - Dec 2023
Czech Republic (USD mn) 1,461.4 Dec 2023 monthly Jan 1996 - Dec 2023
Denmark (USD mn) 635.3 Dec 2023 monthly Jan 1997 - Dec 2023
Ecuador (USD mn) 341.1 Dec 2023 monthly Mar 1992 - Dec 2023
Egypt (USD mn) -3,032.0 Dec 2023 monthly Jan 1957 - Dec 2023
Estonia (USD mn) -308.0 Dec 2023 monthly Jan 1993 - Dec 2023
European Union (USD mn) 11,010.2 Dec 2023 monthly Jan 2002 - Dec 2023
Finland (USD mn) -300.0 Dec 2023 monthly Jan 1992 - Dec 2023
France (USD mn) -7,449.8 Dec 2023 monthly Jan 2000 - Dec 2023
Georgia (USD mn) -664.1 Jan 2024 monthly Jan 1995 - Jan 2024
Germany (USD mn) 24,403.4 Dec 2023 monthly Jan 1957 - Dec 2023
Ghana (USD mn) 112.7 Aug 2023 monthly Mar 2005 - Aug 2023
Greece (USD mn) -2,841.8 Dec 2023 monthly Jan 2002 - Dec 2023
Hong Kong SAR, China (USD mn) 466.0 Jan 2024 monthly Jan 1957 - Jan 2024
Hungary (USD mn) -293.8 Dec 2023 monthly Jan 1976 - Dec 2023
Iceland (USD mn) -108.4 Jan 2024 monthly Jan 1957 - Jan 2024
India (USD mn) -17,490.0 Jan 2024 monthly Jan 1957 - Jan 2024
Indonesia (USD mn) 2,015.1 Jan 2024 monthly Jan 1967 - Jan 2024
Iran (USD mn) 22,668.0 2021 yearly 1948 - 2021
Ireland (USD mn) 4,478.8 Dec 2023 monthly Jan 1970 - Dec 2023
Israel (USD mn) -1,403.3 Jan 2024 monthly Jan 1988 - Jan 2024
Italy (USD mn) 4,952.7 Dec 2023 monthly Jan 1993 - Dec 2023
Ivory Coast (USD mn) 1,844.2 Nov 2023 monthly Jan 1981 - Nov 2023
Japan (USD mn) 1,608.3 Jan 2024 monthly Apr 1995 - Jan 2024
Jordan (USD mn) 2,854.7 Dec 2023 monthly Jan 1972 - Dec 2023
Kazakhstan (USD mn) 884.3 Dec 2023 monthly Sep 1995 - Dec 2023
Kenya (USD mn) -1,119.1 Nov 2023 monthly Oct 1992 - Nov 2023
South Korea (USD mn) 4,291.0 Feb 2024 monthly Jan 1966 - Feb 2024
Kosovo (USD mn) -348.4 Jan 2024 monthly Jan 2003 - Jan 2024
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -670.5 Dec 2023 monthly Jan 2002 - Dec 2023
Laos (USD mn) 97.3 Sep 2023 quarterly Dec 1992 - Sep 2023
Latvia (USD mn) -413.0 Dec 2023 monthly Jan 1995 - Dec 2023
Lebanon (USD mn) -397.4 Aug 2023 monthly Jan 1993 - Aug 2023
Lithuania (USD mn) -355.2 Dec 2023 monthly Jan 1999 - Dec 2023
Luxembourg (USD mn) -709.8 Dec 2023 monthly Jan 1988 - Dec 2023
Macau SAR, China (USD mn) -1,408.7 Jan 2024 monthly Jan 1998 - Jan 2024
North Macedonia (USD mn) -328.5 Dec 2023 monthly Dec 1993 - Dec 2023
Malawi (USD mn) -42.8 Feb 2023 monthly Jan 1964 - Feb 2023
Malaysia (USD mn) 3,103.8 Jan 2024 monthly Jan 1990 - Jan 2024
Malta (USD mn) -259.2 Dec 2023 monthly Jan 1960 - Dec 2023
Mauritius (USD mn) -373.9 Dec 2023 monthly Jan 2006 - Dec 2023
Mexico (USD mn) -302.1 Jan 2024 monthly Jan 1993 - Jan 2024
Moldova (USD mn) -498.7 Dec 2023 monthly Jan 1992 - Dec 2023
Mongolia (USD mn) 388.9 Jan 2024 monthly Jan 1997 - Jan 2024
Montenegro (USD mn) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Morocco (USD mn) -2,488.5 Dec 2023 monthly Jan 1957 - Dec 2023
Mozambique (USD mn) 89.3 Dec 2023 monthly Jan 2011 - Dec 2023
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -858.4 Jan 2024 monthly Aug 1974 - Jan 2024
Netherlands (USD mn) 11,600.6 Dec 2023 monthly Jan 1996 - Dec 2023
New Zealand (USD mn) -602.2 Jan 2024 monthly Jan 1960 - Jan 2024
Nigeria (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023
Norway (USD mn) 7,003.3 Jan 2024 monthly Jan 1957 - Jan 2024
Oman (USD mn) 1,909.0 Oct 2023 monthly Jan 1975 - Oct 2023
Pakistan (USD mn) -1,743.1 Feb 2024 monthly Jan 1968 - Feb 2024
Palestinian Territory (USD mn) -326.6 Dec 2023 monthly Jan 2011 - Dec 2023
Panama (USD mn) -1,100.0 Dec 2023 monthly Jan 1964 - Dec 2023
Paraguay (USD mn) -71.6 Jan 2024 monthly Jan 1994 - Jan 2024
Peru (USD mn) 2,039.8 Dec 2023 monthly Jan 1985 - Dec 2023
Philippines (USD mn) -4,013.4 Dec 2023 monthly Jan 1957 - Dec 2023
Poland (USD mn) -327.2 Dec 2023 monthly Jan 1986 - Dec 2023
Portugal (USD mn) -2,536.3 Dec 2023 monthly Jan 1957 - Dec 2023
Qatar (USD mn) 4,798.6 Jan 2024 monthly Jan 2014 - Jan 2024
Romania (USD mn) -3,740.9 Dec 2023 monthly Aug 1990 - Dec 2023
Russia (USD mn) 10,731.9 Jan 2023 monthly Jan 1998 - Jan 2023
Saudi Arabia (USD mn) 111,202.9 2023 yearly 1957 - 2023
Serbia (USD mn) -1,173.6 Dec 2023 monthly Jan 2001 - Dec 2023
Singapore (USD mn) 5,660.2 Jan 2024 monthly Jan 1976 - Jan 2024
Slovakia (USD mn) -281.4 Dec 2023 monthly Jan 2004 - Dec 2023
Slovenia (USD mn) 62.8 Dec 2023 monthly Nov 1991 - Dec 2023
South Africa (USD mn) -501.8 Jan 2024 monthly Oct 2004 - Jan 2024
Spain (USD mn) -3,337.5 Dec 2023 monthly Jan 1974 - Dec 2023
Sri Lanka (USD mn) -541.1 Jan 2024 monthly Jan 1982 - Jan 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 1,283.9 Jan 2024 monthly Jan 1957 - Jan 2024
Switzerland (USD mn) 8,680.0 Jan 2024 monthly Jan 1957 - Jan 2024

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Thailand Key Series

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Includes 290 key indicators for Thailand, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 Dec 2023 quarterly Sep 2002 - Dec 2023
Consolidated Fiscal Balance (USD mn) -1,558.046 Dec 2023 monthly Oct 2001 - Dec 2023
Tax Revenue (USD mn) 67,893.852 2022 yearly 1984 - 2022
Tax Revenue: % of GDP (%) 13.4 2022 yearly 1990 - 2022
National Government Debt (USD mn) 278,138.3 Jan 2024 monthly Oct 1997 - Jan 2024
Government Debt: % of GDP (%) 54.3 Dec 2023 quarterly Dec 1997 - Dec 2023
Forecast: Government Expenditure (THB bn) 5,065.690 2028 yearly 1995 - 2028
Forecast: Government Net Debt (THB bn) 13,689.050 2028 yearly 1996 - 2028
Forecast: Government Revenue (THB bn) 4,525.300 2028 yearly 1995 - 2028
Govt Revenue: Gross: Revenue Dept: Value Added Tax (THB mn) 68,616.81 Jun 2018 monthly Oct 1989 - Jun 2018
Govt Revenue: Gross: Excise Dept (THB mn) 47,541.47 Jun 2018 monthly Oct 1989 - Jun 2018
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.640 2028 yearly 1980 - 2028
Trade Balance (USD mn) -2,757.9 Jan 2024 monthly Jan 1957 - Jan 2024
Total Exports (USD mn) 22,649.9 Jan 2024 monthly Oct 1990 - Jan 2024
Total Exports Growth (%) 10.2 Jan 2024 monthly Oct 1991 - Jan 2024
Aluminum: Exports (USD th) 1,568,630.600 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 435,513.625 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 196,247.335 2022 yearly 1995 - 2022
Total Imports (USD mn) 25,407.8 Jan 2024 monthly Jan 1991 - Jan 2024
Total Imports Growth (%) 2.8 Jan 2024 monthly Jan 1992 - Jan 2024
Imports: Medicament (USD th) 1,843,219.521 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,586,101.179 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 3,895.994 Jan 2024 monthly Jan 1971 - Jan 2024
Total Imports from USA (USD mn) 1,295.397 Jan 2024 monthly Jan 1971 - Jan 2024
Total Exports to China (USD mn) 2,234.927 Jan 2024 monthly Sep 1978 - Jan 2024
Total Imports from China (USD mn) 6,848.081 Jan 2024 monthly Apr 1974 - Jan 2024
MoC: Exports: Custom Basis (THB mn) 784,580.410 Jan 2024 monthly Oct 1990 - Jan 2024
MoC: Trade Balance: Custom Basis (THB mn) -106,106.943 Jan 2024 monthly Jan 1991 - Jan 2024
MoC: Imports: Custom Basis (THB mn) 890,687.353 Jan 2024 monthly Jan 1991 - Jan 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,522.9 Sep 2023 quarterly Mar 2005 - Sep 2023
Current Account Balance (USD mn) -190.5 Jan 2024 monthly Jan 1985 - Jan 2024
Current Account Balance: % of GDP (%) 1.2 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Direct Investment (USD mn) -517.0 Jul 2020 monthly Jan 2005 - Jul 2020
Foreign Direct Investment: % of GDP (%) 1.1 Sep 2023 quarterly Mar 1993 - Sep 2023
Foreign Portfolio Investment (USD mn) -3,468.500 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) -2.7 Sep 2023 quarterly Mar 2005 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1,531.5 Sep 2023 quarterly Mar 1976 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -1,937.040 Sep 2023 quarterly Mar 1976 - Sep 2023
External Debt (USD mn) 190,055.1 Sep 2023 quarterly Mar 1999 - Sep 2023
External Debt: % of GDP (%) 37.5 Sep 2023 quarterly Mar 2005 - Sep 2023
External Debt: Short Term (USD mn) 79,038.7 Sep 2023 quarterly Mar 1999 - Sep 2023
External Debt: Short Term: % of GDP (%) 16.2 2022 yearly 1980 - 2022
Forecast: Current Account Balance (USD bn) 22.379 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 32,690.870 Sep 2023 quarterly Mar 2012 - Sep 2023
BOP: USD: Current Account Balance (USD mn) -190.510 Jan 2024 monthly Jan 2005 - Jan 2024
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) 1,022.330 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Manufacturing (THB mn) 3,083.910 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Mining & Quarrying (THB mn) -1,975.540 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Financial & Insurance Activities (THB mn) 20,435.520 Sep 2023 quarterly Mar 2005 - Sep 2023
FDI: Construction (THB mn) 24,298.560 Sep 2023 quarterly Mar 2005 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.0 Dec 2019 quarterly Mar 1998 - Dec 2019
Household Debt: % of GDP (%) 86.6 Sep 2023 quarterly Mar 2003 - Sep 2023
Non-Performing Loans (USD mn) 14,347.394 Dec 2023 quarterly Mar 1998 - Dec 2023
Money Supply M1 (USD mn) 86,011.340 Jan 2024 monthly Dec 1975 - Jan 2024
Money Supply M2 (USD mn) 722,605.288 Jan 2024 monthly Jan 1997 - Jan 2024
M2 Growth (%) 2.3 Jan 2024 monthly Jan 1998 - Jan 2024
Reserve Requirement Ratio (%) 1.0 Feb 2024 monthly Sep 1997 - Feb 2024
Foreign Exchange Reserves (USD mn) 199,760.5 Feb 2024 monthly Jan 1993 - Feb 2024
Foreign Exchange Reserves: Months of Import (NA) 7.8 Jan 2024 monthly Jan 1991 - Jan 2024
Gold Reserves (USD mn) 15,993.030 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 502,675.779 Dec 2023 monthly Dec 2000 - Dec 2023
Total Deposits Growth (%) 0.9 Dec 2023 monthly Dec 2001 - Dec 2023
Domestic Credit (USD mn) 747,665.4 Jan 2024 monthly Jan 2003 - Jan 2024
Domestic Credit Growth (%) 3.8 Jan 2024 monthly Jan 2004 - Jan 2024
Debt Service Ratio: Private Non-Financial Sector (%) 15.000 Sep 2023 quarterly Mar 1999 - Sep 2023
Credit to Households (USD bn) 448.346 Sep 2023 quarterly Dec 1991 - Sep 2023
Credit to Private Non-Financial Sector (USD bn) 869.949 Sep 2023 quarterly Mar 1957 - Sep 2023
Household Debt (USD mn) 436,311.8 Dec 2022 quarterly Mar 2003 - Dec 2022
Total Loans (USD mn) 513,205.852 Dec 2023 monthly Jan 2007 - Dec 2023
Total Loans Growth (%) 0.58 Dec 2023 monthly Jan 2008 - Dec 2023
Private Debt: % of Nominal GDP (%) 171.36 Dec 2023 quarterly Mar 2011 - Dec 2023
MA: Quasi Money (THB mn) 22,509,962.000 Jan 2024 monthly Jan 1997 - Jan 2024
MA: Narrow Money (NM) (THB mn) 3,041,361.000 Jan 2024 monthly Jan 1997 - Jan 2024
Monetary Aggregates (MA): Broad Money (THB mn) 25,551,323.000 Jan 2024 monthly Jan 1997 - Jan 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -3.6 Feb 2024 monthly Feb 2000 - Feb 2024
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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