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Balance of trade · Thailand

Thailand Balance of Trade

The Thailand Balance of Trade shows the difference between the value of goods (and sometimes services) that Thailand sells abroad and what it buys from abroad, or the growth of exports and imports.

Importance
Low
Released
Monthly
Next release
Currency
THB · Thai baht
Central bank
The Bank of Thailand
Moves
USDTHB

Latest figures

The latest release for SEP, published on 26 October 2026, came in at $-5.86B.

ReleasedForActualConsensusPrevious
26 Oct 2026SEP$-5.86B$-1.8B$-2.48B
25 Sep 2026AUG$-2.48B$-3.9B$-3.61B
27 Aug 2026JUL$-3.61B$-5.4B$-6.53B
25 Jun 2026MAY$-5.71B$-6.6B$-10.02B
25 May 2026APR$-10.02B$-5.1B$-3.34B
24 Apr 2026MAR$-3.34B–$-2.8B
24 Mar 2026FEB$-2.8B$0.96B$-3.3B
23 Feb 2026JAN$-3.3B–$-0.35B
23 Jan 2026DEC$-0.35B–$-2.73B
25 Dec 2025NOV$-2.73B–$-3.44B
25 Nov 2025OCT$-3.44B$-0.65B$1.28B
27 Oct 2025SEP$1.28B$0.1B$-1.96B

See it in the economic calendar →

Why it matters

Exports are a big part of demand for open economies (Germany, China, Japan, Korea, the Netherlands). A larger surplus means more foreign demand for the Thai baht; strong imports signal domestic demand. China's figures are read as a gauge of world demand.

How it is calculated

Customs records the value of goods crossing the border; services come from surveys. The balance is exports minus imports, usually seasonally adjusted.

Trade balance = exports − imports

What changes mean

  • Look at exports and imports separately: a wider surplus from collapsing imports is a sign of weak domestic demand, not strength.
  • Exchange-rate moves take months to affect trade volumes (the J-curve).

Higher than expected: A larger surplus (or smaller deficit) than expected tends to support the Thai baht.

Lower than expected: A smaller surplus (or larger deficit) than expected tends to weigh on the Thai baht.

A short history

Trade balances were the obsession of mercantilism in the 16th–18th centuries; David Hume's price-specie flow mechanism (1752) explained why surpluses tend to correct themselves.

Questions

What is the Thailand Balance of Trade?

The Thailand Balance of Trade shows the difference between the value of goods (and sometimes services) that Thailand sells abroad and what it buys from abroad, or the growth of exports and imports.

What was the latest Thailand Balance of Trade?

$-5.86B for SEP, published on 26 October 2026 (consensus $-1.8B, previous $-2.48B).

When is the next Thailand Balance of Trade?

On Wednesday 25 November 2026.

Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.