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 554.0 USD mn in Feb 2024, compared with a deficit of 2.8 USD bn in the previous month
  • Thailand's Trade Balance data is updated monthly, available from Jan 1957 to Feb 2024, with an averaged value of -41.6 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 23.4 USD bn in Feb 2024, an increase of 11.7% YoY (year-on-year)
  • Total Imports recorded 23.9 USD bn in Feb 2024, an increase of 11.7% YoY (year-on-year)

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

Thailand Trade Balance

What was Thailand's Trade Balance in Feb 2024?

Thailand's Trade Balance recorded a deficit of 554.0 USD mn in Feb 2024, compared with a deficit of 2.8 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-554.0 Feb 2024 -2,757.9 Jan 2024 -5,916.2 Jan 2013 4,974.1 Feb 2016 USD mn monthly Jan 1957 - Feb 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) -438.6 Mar 2024 monthly Oct 1998 - Mar 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 1,345.7 Feb 2024 monthly Jan 1991 - Feb 2024
Armenia (USD mn) 102.3 Feb 2024 monthly Nov 1995 - Feb 2024
Australia (USD mn) 4,748.7 Feb 2024 monthly Jul 1971 - Feb 2024
Austria (USD mn) 1,200.8 Oct 2023 monthly Jan 1957 - Oct 2023
Azerbaijan (USD mn) -60.6 Mar 2024 monthly Jan 2000 - Mar 2024
Bahrain (USD mn) 8,242.9 2022 yearly 1966 - 2022
Bangladesh (USD mn) -2,231.5 Jan 2024 monthly Jul 1986 - Jan 2024
Belarus (USD mn) -46.0 Feb 2024 monthly Jan 2000 - Feb 2024
Belgium (USD mn) 1,030.9 Jan 2024 monthly Jan 1993 - Jan 2024
Bolivia (USD mn) -174.3 Jan 2024 monthly Oct 1994 - Jan 2024
Bosnia and Herzegovina (USD mn) -657.5 Feb 2024 monthly Jan 2000 - Feb 2024
Botswana (USD mn) -198.3 Jan 2024 monthly Jan 2001 - Jan 2024
Brazil (USD mn) 7,482.7 Mar 2024 monthly Jan 1959 - Mar 2024
Brunei (USD mn) 685.7 Dec 2023 monthly Jan 2010 - Dec 2023
Bulgaria (USD mn) -586.1 Feb 2024 monthly Jan 1995 - Feb 2024
Cambodia (USD mn) -60.2 Feb 2024 monthly Jun 2013 - Feb 2024
Canada (USD mn) 1,030.8 Feb 2024 monthly Jan 1988 - Feb 2024
Chile (USD mn) 1,769.8 Mar 2024 monthly Jan 1968 - Mar 2024
China (USD mn) 58,551.1 Mar 2024 monthly Jan 1992 - Mar 2024
Colombia (USD mn) -1,213.2 Jan 2024 monthly Jan 1958 - Jan 2024
Croatia (USD mn) -1,343.3 Jan 2024 monthly Jan 1993 - Jan 2024
Cyprus (USD mn) -617.5 Jan 2024 monthly Jan 1957 - Jan 2024
Czech Republic (USD mn) 3,162.3 Feb 2024 monthly Jan 1996 - Feb 2024
Denmark (USD mn) 1,145.3 Feb 2024 monthly Jan 1997 - Feb 2024
Ecuador (USD mn) 678.9 Feb 2024 monthly Mar 1992 - Feb 2024
Egypt (USD mn) -2,724.0 Feb 2024 monthly Jan 1957 - Feb 2024
Estonia (USD mn) -217.8 Feb 2024 monthly Jan 1993 - Feb 2024
European Union (USD mn) 26,688.4 Jan 2024 monthly Jan 2002 - Jan 2024
Finland (USD mn) -300.0 Dec 2023 monthly Jan 1992 - Dec 2023
France (USD mn) -5,659.8 Feb 2024 monthly Jan 2000 - Feb 2024
Georgia (USD mn) -650.6 Feb 2024 monthly Jan 1995 - Feb 2024
Germany (USD mn) 23,053.8 Feb 2024 monthly Jan 1957 - Feb 2024
Ghana (USD mn) 112.7 Aug 2023 monthly Mar 2005 - Aug 2023
Greece (USD mn) -3,274.6 Feb 2024 monthly Jan 2002 - Feb 2024
Hong Kong SAR, China (USD mn) -5,325.0 Feb 2024 monthly Jan 1957 - Feb 2024
Hungary (USD mn) 0.0 Feb 2024 monthly Jan 1976 - Feb 2024
Iceland (USD mn) -111.0 Feb 2024 monthly Jan 1957 - Feb 2024
India (USD mn) -18,710.0 Feb 2024 monthly Jan 1957 - Feb 2024
Indonesia (USD mn) 867.0 Feb 2024 monthly Jan 1967 - Feb 2024
Iran (USD mn) 22,668.0 2021 yearly 1948 - 2021
Ireland (USD mn) 9,552.3 Jan 2024 monthly Jan 1970 - Jan 2024
Israel (USD mn) -2,822.3 Feb 2024 monthly Jan 1988 - Feb 2024
Italy (USD mn) 7,379.7 Jan 2024 monthly Jan 1993 - Jan 2024
Ivory Coast (USD mn) 1,715.9 Dec 2023 monthly Jan 1981 - Dec 2023
Japan (USD mn) -3,018.4 Feb 2024 monthly Apr 1995 - Feb 2024
Jordan (USD mn) -942.6 Jan 2024 monthly Jan 1972 - Jan 2024
Kazakhstan (USD mn) 1,721.3 Jan 2024 monthly Sep 1995 - Jan 2024
Kenya (USD mn) -957.2 Jan 2024 monthly Oct 1992 - Jan 2024
South Korea (USD mn) 4,279.0 Mar 2024 monthly Jan 1966 - Mar 2024
Kosovo (USD mn) -429.0 Feb 2024 monthly Jan 2003 - Feb 2024
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -806.2 Jan 2024 monthly Jan 2002 - Jan 2024
Laos (USD mn) 97.3 Sep 2023 quarterly Dec 1992 - Sep 2023
Latvia (USD mn) -259.2 Feb 2024 monthly Jan 1995 - Feb 2024
Lebanon (USD mn) -397.4 Aug 2023 monthly Jan 1993 - Aug 2023
Lithuania (USD mn) -125.5 Feb 2024 monthly Jan 1999 - Feb 2024
Luxembourg (USD mn) -668.8 Jan 2024 monthly Jan 1988 - Jan 2024
Macau SAR, China (USD mn) -977.3 Feb 2024 monthly Jan 1998 - Feb 2024
North Macedonia (USD mn) -309.5 Feb 2024 monthly Dec 1993 - Feb 2024
Malawi (USD mn) -42.8 Feb 2023 monthly Jan 1964 - Feb 2023
Malaysia (USD mn) 2,506.1 Feb 2024 monthly Jan 1990 - Feb 2024
Malta (USD mn) -188.9 Feb 2024 monthly Jan 1960 - Feb 2024
Mauritius (USD mn) -310.5 Jan 2024 monthly Jan 2006 - Jan 2024
Mexico (USD mn) -1,609.5 Feb 2024 monthly Jan 1993 - Feb 2024
Moldova (USD mn) -498.7 Dec 2023 monthly Jan 1992 - Dec 2023
Mongolia (USD mn) 252.4 Feb 2024 monthly Jan 1997 - Feb 2024
Montenegro (USD mn) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Morocco (USD mn) -4,150.1 Feb 2024 monthly Jan 1957 - Feb 2024
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) -893.2 Mar 2024 monthly Aug 1974 - Mar 2024
Netherlands (USD mn) 12,662.3 Feb 2024 monthly Jan 1996 - Feb 2024
New Zealand (USD mn) -133.5 Feb 2024 monthly Jan 1960 - Feb 2024
Nigeria (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023
Norway (USD mn) 4,906.7 Feb 2024 monthly Jan 1957 - Feb 2024
Oman (USD mn) 2,280.9 Jan 2024 monthly Jan 1975 - Jan 2024
Pakistan (USD mn) -2,171.0 Mar 2024 monthly Jan 1968 - Mar 2024
Palestinian Territory (USD mn) -354.9 Jan 2024 monthly Jan 2011 - Jan 2024
Panama (USD mn) -1,031.9 Jan 2024 monthly Jan 1964 - Jan 2024
Paraguay (USD mn) 95.4 Mar 2024 monthly Jan 1994 - Mar 2024
Peru (USD mn) 1,350.6 Feb 2024 monthly Jan 1985 - Feb 2024
Philippines (USD mn) -3,647.5 Feb 2024 monthly Jan 1957 - Feb 2024
Poland (USD mn) 1,590.4 Jan 2024 monthly Jan 1986 - Jan 2024
Portugal (USD mn) -2,543.2 Feb 2024 monthly Jan 1957 - Feb 2024
Qatar (USD mn) 4,964.0 Feb 2024 monthly Jan 2014 - Feb 2024
Romania (USD mn) -2,346.4 Feb 2024 monthly Aug 1990 - Feb 2024
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) -769.3 Feb 2024 monthly Jan 2001 - Feb 2024
Singapore (USD mn) 4,438.4 Feb 2024 monthly Jan 1976 - Feb 2024
Slovakia (USD mn) 700.9 Feb 2024 monthly Jan 2004 - Feb 2024
Slovenia (USD mn) -1,069.1 Feb 2024 monthly Nov 1991 - Feb 2024
South Africa (USD mn) 738.4 Feb 2024 monthly Oct 2004 - Feb 2024
Spain (USD mn) -3,292.3 Jan 2024 monthly Feb 1974 - Jan 2024
Sri Lanka (USD mn) -319.1 Feb 2024 monthly Jan 1982 - Feb 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 891.9 Feb 2024 monthly Jan 1957 - Feb 2024
Switzerland (USD mn) 4,304.1 Feb 2024 monthly Jan 1957 - Feb 2024

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Thailand Key Series

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Includes 294 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) -1,041.625 Jan 2024 monthly Oct 2001 - Jan 2024
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) 276,423.6 Feb 2024 monthly Oct 1997 - Feb 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) -554.0 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 23,384.9 Feb 2024 monthly Oct 1990 - Feb 2024
Total Exports Growth (%) 12.3 Feb 2024 monthly Oct 1991 - Feb 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) 23,938.8 Feb 2024 monthly Jan 1991 - Feb 2024
Total Imports Growth (%) 11.7 Feb 2024 monthly Jan 1992 - Feb 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) 4,072.093 Feb 2024 monthly Jan 1971 - Feb 2024
Total Imports from USA (USD mn) 1,587.353 Feb 2024 monthly Jan 1971 - Feb 2024
Total Exports to China (USD mn) 2,320.343 Feb 2024 monthly Sep 1978 - Feb 2024
Total Imports from China (USD mn) 5,631.694 Feb 2024 monthly Apr 1974 - Feb 2024
MoC: Exports: Custom Basis (THB mn) 827,139.032 Feb 2024 monthly Oct 1990 - Feb 2024
MoC: Trade Balance: Custom Basis (THB mn) -29,369.080 Feb 2024 monthly Jan 1991 - Feb 2024
MoC: Imports: Custom Basis (THB mn) 856,508.112 Feb 2024 monthly Jan 1991 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,549.2 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance (USD mn) 1,965.5 Feb 2024 monthly Jan 1985 - Feb 2024
Current Account Balance: % of GDP (%) 1.5 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 (%) -0.7 Dec 2023 quarterly Mar 1993 - Dec 2023
Foreign Portfolio Investment (USD mn) -1,146.350 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.9 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -741.7 Dec 2023 quarterly Mar 1976 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -404.680 Dec 2023 quarterly Mar 1976 - Dec 2023
External Debt (USD mn) 193,212.3 Dec 2023 quarterly Mar 1999 - Dec 2023
External Debt: % of GDP (%) 38.4 Dec 2023 quarterly Mar 2005 - Dec 2023
External Debt: Short Term (USD mn) 79,224.7 Dec 2023 quarterly Mar 1999 - Dec 2023
External Debt: Short Term: % of GDP (%) 15.4 2023 yearly 1980 - 2023
Forecast: Current Account Balance (USD bn) 22.379 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 42,907.160 Dec 2023 quarterly Mar 2012 - Dec 2023
BOP: USD: Current Account Balance (USD mn) 1,965.450 Feb 2024 monthly Jan 2005 - Feb 2024
Private Investment Index (PII): Seasonally Adjusted (SA) (2010=100) 139.20 Jun 2018 monthly Jan 2010 - Jun 2018
FDI: Mining & Quarrying (THB mn) 3,484.020 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Manufacturing (THB mn) 10,477.880 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Construction (THB mn) -762.270 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment (FDI): Agr, Forestry & Fishing (THB mn) -163.140 Dec 2023 quarterly Mar 2005 - Dec 2023
FDI: Financial & Insurance Activities (THB mn) -31,607.400 Dec 2023 quarterly Mar 2005 - Dec 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) 86,549.219 Feb 2024 monthly Dec 1975 - Feb 2024
Money Supply M2 (USD mn) 718,682.729 Feb 2024 monthly Jan 1997 - Feb 2024
M2 Growth (%) 2.5 Feb 2024 monthly Jan 1998 - Feb 2024
Reserve Requirement Ratio (%) 1.0 Mar 2024 monthly Sep 1997 - Mar 2024
Foreign Exchange Reserves (USD mn) 199,906.3 Mar 2024 monthly Jan 1993 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 8.3 Feb 2024 monthly Jan 1991 - Feb 2024
Gold Reserves (USD mn) 16,837.550 Mar 2024 monthly Dec 1956 - Mar 2024
Total Deposits (USD mn) 485,015.095 Feb 2024 monthly Dec 2000 - Feb 2024
Total Deposits Growth (%) 1.3 Feb 2024 monthly Dec 2001 - Feb 2024
Domestic Credit (USD mn) 741,734.4 Feb 2024 monthly Jan 2003 - Feb 2024
Domestic Credit Growth (%) 3.5 Feb 2024 monthly Jan 2004 - Feb 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) 486,726.256 Feb 2024 monthly Jan 2007 - Feb 2024
Total Loans Growth (%) -2.14 Feb 2024 monthly Jan 2008 - Feb 2024
Private Debt: % of Nominal GDP (%) 171.50 Dec 2023 quarterly Mar 2011 - Dec 2023
MA: Quasi Money (THB mn) 22,655,665.000 Feb 2024 monthly Jan 1997 - Feb 2024
MA: Narrow Money (NM) (THB mn) 3,101,924.000 Feb 2024 monthly Jan 1997 - Feb 2024
Monetary Aggregates (MA): Broad Money (THB mn) 25,757,589.000 Feb 2024 monthly Jan 1997 - Feb 2024
Credit: Outs: CB: Individuals (THB mn) 6,349,659.000 Feb 2024 monthly Jan 2004 - Feb 2024
Credit: Outs: CB: Businesses (THB mn) 7,043,904.000 Feb 2024 monthly Jan 2004 - Feb 2024
Deposit: Outs: CB: Individuals (THB mn) 8,995,763.000 Feb 2024 monthly Oct 2003 - Feb 2024
Deposit: Outs: CB: Businesses (THB mn) 5,399,025.000 Feb 2024 monthly Oct 2003 - Feb 2024
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 68.112 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -6.6 Mar 2024 monthly Feb 2000 - Mar 2024
Leading Economic Index (LEI): BOT: Seasonally Adjusted (2000=100) 150.37 Jun 2018 monthly Jan 1993 - Jun 2018

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