FX.co ★ Thailand Trade Gap Widens Sharply

In April 2025, Thailand experienced a trade deficit of USD 3.3 billion, a notable increase from the USD 1.64 billion deficit recorded during the same period last year, and considerably surpassing market predictions of a USD 1.2 billion deficit. This marked the first occurrence of a trade gap in three months, as the growth in exports failed to keep pace with a substantial rise in imports. Exports saw a year-on-year increase of 10.2%, achieving their tenth consecutive month of growth, albeit at a slower rate compared to the 17.8% surge observed in March. Nevertheless, this export growth exceeded market expectations of a 9.1% rise. Simultaneously, imports surged by 16.1%, marking the eleventh consecutive month of expansion, and accelerating significantly from a 10.2% increase in the previous month, far surpassing anticipated growth of 7.0%.