FX.co ★ Thailand Current Account Deficit Widens Sharply

In April 2025, Thailand experienced a significant widening of its current account deficit, which surged to USD 1.5 billion from USD 0.5 billion in the same month the previous year. This represents the largest current account gap since January 2023. The trade balance recorded a deficit of USD 1.4 billion, reversing from a surplus of USD 0.2 billion in April 2024, driven by a 17.3% increase in imports compared to a 9.9% rise in exports. Conversely, the net deficit in services, primary income, and secondary income decreased to USD 0.1 billion in April 2025, down from USD 0.7 billion in the preceding year.