Thailand’s trade balance fluctuated significantly, transitioning from a surplus of 25,477.6 million USD in 2020 to a deficit of -13,604.8 million USD in 2022. This shift was driven by rising energy import costs and slowing exports in sectors like electronics and automotive. By 2023, the deficit narrowed to -5,192.3 million USD, reflecting recovery in export demand and stabilizing energy prices.
The trends underscore Thailand’s reliance on export-oriented industries while highlighting its vulnerability to global energy market fluctuations and external demand shocks.
The trends underscore Thailand’s reliance on export-oriented industries while highlighting its vulnerability to global energy market fluctuations and external demand shocks.
Discover additional trends and data on Thailand's working-age population share, Thailand’s industry sector share, Thailand’s net fiscal position.
