FX.co ★ Thailand Swings to Trade Deficit in March as Surplus Momentum Stalls

Thailand’s trade balance slipped into deficit in March 2026, reversing the surplus recorded a month earlier, according to updated figures released on 30 April 2026.

After posting a trade surplus of $0.60 billion in February 2026, the country’s trade account fell to a deficit of $0.10 billion in March 2026. The shift into negative territory underscores a loss of momentum in Thailand’s external sector from one month to the next, with exports and imports no longer aligned in a way that sustained the earlier surplus.

While the data point represents only a single month’s performance, the move from surplus to deficit will be closely watched by market participants and policymakers for signs of whether this is a temporary fluctuation or the start of a more persistent softening in Thailand’s trade position.