FX.co ★ Thailand Current Account Swings to Deficit

In September 2025, Thailand experienced a current account deficit amounting to USD 1.78 billion, a stark contrast to the surplus of USD 0.91 billion reported in the same month of the previous year. This shift was primarily attributed to a reversal in the trade balance. The country moved from a surplus of USD 1.83 billion to a deficit of USD 1.03 billion, as imports increased significantly by 17.4% compared to exports, which grew at a more modest rate of 5.2%. Additionally, the financial account registered an overall deficit of USD 0.48 billion, largely due to capital outflows from the central bank. Meanwhile, the deficit in services, primary income, and secondary income decreased significantly to USD 0.75 billion from the USD 0.92 billion recorded in October 2024.