FX.co ★ Thailand Current Account Swings to Surplus

In July 2025, Thailand achieved a current account surplus of USD 2.2 billion, a significant turnaround from a USD 0.2 billion deficit recorded in the same month the previous year. This positive shift was largely driven by a strengthened trade balance, which more than doubled to USD 2.5 billion from USD 1.1 billion in the previous year. This was due to a 9.7% increase in exports, outpacing the import growth rate of 4.5%. Additionally, the deficit in services, primary income, and secondary income substantially narrowed to USD 0.3 billion, down from USD 1.1 billion in July 2024, further bolstering the overall balance.