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Thailand Net Trade (Goods & Services, BoP)

Thailand's net trade (goods & services, bop) rose to $17.77 billion in 2024, up from $10.44 billion in 2023, according to World Bank. This represents an increase of 70.2% ($7.33 billion) from the previous year. Thailand has net trade (goods & services, bop) higher than the global median ($17.77 billion vs median -$215.12 million). Compared with the median in Asia, Thailand is higher ($17.77 billion vs regional median $634.26 million) and ranks 12th out of 42 countries in Asia.

Yearly Historical Data (1975-2024)

(in Billion USD)
Year Net Trade (Goods & Services, BoP) (Billion USD)
2024 17.77
2023 10.44
2022 -10.33
2021 -0.6
2020 25.93
2019 51.05
2018 44.92
2017 56.88
2016 56.05
2015 41.68
2014 23.91
2013 7.44
2012 0.88
2011 7.63
2010 19.68
2009 26.98
2008 4.45
2007 18.68
2006 5.67
2005 -3.47
2004 6.75
2003 8.8
2002 7.71
2001 6.96
2000 10.11
1999 15.07
1998 17.4
1997 -0.02
1996 -12.07
1995 -11.95
1994 -7.46
1993 -5.7
1992 -5.24
1991 -6.76
1990 -6.64
1989 -1.96
1988 -1
1987 0.24
1986 0.84
1985 -1.11
1984 -1.84
1983 -2.92
1982 -0.67
1981 -2.24
1980 -2.06
1979 -1.87
1978 -1.04
1977 -1.1
1976 -0.43
1975 -0.7
Thailand Net Trade (Goods & Services, BoP) : Definition
Net Trade (Goods & Services, BoP) measures the difference between exports and imports of goods and services in Thailand, recorded on a Balance of Payments basis and measured in current US dollars. A positive value indicates a trade surplus, while a negative value indicates a trade deficit.
Indicator Last Value Prior Value Period
Annual Exports $300.76B $285.07B 2024
Annual Imports $307.56B $288.5B 2024
Balance of Trade -$2B $320M Aug'25
Exports $27.7B $28.6B Aug'25
Exports (% GDP) 70.06% 65.44% 2024
FDI Inflows (% GDP) 1.94% 1.26% 2024
Imports $29.7B $28.3B Aug'25
Imports (% GDP) 66.71% 63.38% 2024
Tariff Rate 8.26% 8.48% 2022
Trade (% GDP) 136.77% 128.82% 2024