Thailand balance of trade

Thailand balance of trade: 656.1 (-139.96%)
Last Update: May 31, 2024

Thailand balance of trade closed down 656.1 as of May 31, 2024 from -1641.7 from the previous month and -1849.32 from last year.

Thailand balance of trade Analytics & Data

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Thailand balance of trade

2024-05-31 656.1
2024-04-30 -1641.7
2024-03-31 -1163.3
2024-02-29 -550
2024-01-31 -2757.9
2023-12-31 972.8
2023-11-30 -2399.43
2023-10-31 -832.29
2023-09-30 2092.73
2023-08-31 359.89
2023-07-31 -1977.76
2023-06-30 57.69
2023-05-31 -1849.32
2023-04-30 -1471.72
2023-03-31 2718.81
2023-02-28 -1113.4
2023-01-31 -4649.6
2022-12-31 -1033.9
2022-11-30 -1342.27
2022-10-31 -596.41
2022-09-30 -853.2
2022-08-31 -4215.4
2022-07-31 -3660.5
2022-06-30 -1529.3

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Thailand balance of trade Statistics

balance of tradeth.balanceoftrade656.1-1641.7-140-135UPUP282024-05-31

Thailand balance of trade Factors

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Thailand balance of trade Historical Data

The MacroVar database offers free access to historical data for the Thailand balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Thailand balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Thailand balance of trade

Thailand's balance of trade refers to the difference between the value of the country's exports and imports. A positive balance of trade occurs when the value of exports exceeds the value of imports, leading to a trade surplus. Conversely, a negative balance of trade, or trade deficit, occurs when the value of imports exceeds the value of exports. Thailand has traditionally had a trade surplus, due in large part to its strong export-oriented economy, particularly in industries such as electronics, automobiles, and agriculture. This surplus has contributed to the country's overall economic growth and stability. However, fluctuations in global demand and currency exchange rates can impact Thailand's balance of trade, leading to potential challenges for the country's economy.