Thailand-China Trade Deficit Hits Record $23.6 billion in the first five months of 2025

Thailand’s trade deficit with China surged to 768 billion baht in early 2025, up over 200 billion baht year-on-year, as imports rose sharply despite a 17.87% export increase.

Key Points

• Thailand’s trade deficit with China has reached 768 billion baht in the first five months of 2025, increasing by over 200 billion baht compared to the previous year, as reported by the Ministry of Commerce.
• Total trade between the two countries amounted to US$57.71 billion, a 26.11% increase from US$45.76 billion. Thai exports were US$17.21 billion, while imports surged to US$40.50 billion.
• Exports to China grew by 17.87%, but imports rose even more sharply by 29.98%, which widened the deficit from 546 billion baht last year to 768 billion baht this year.

Thailand-China Trade Deficit Soars to a Record High of THB 768 Billion

BANGKOK, October 12, 2025—Thailand’s trade deficit with China has surged to a staggering THB 768 billion (approximately USD 22.5 billion) in the first five months of 2025, raising concerns about the nation’s economic stability and reliance on imports. This figure, disclosed by the Ministry of Commerce, highlights the escalating challenges facing Thailand’s trade balance with its largest trading partner.

The growing deficit is largely driven by a significant increase in imports from China, which have risen by 20% compared to the same period last year. Key imports include machinery, electronics, and vehicles, critical components for Thailand’s manufacturing sector. Meanwhile, Thai exports to China have seen only modest growth, limited by global economic conditions and a competitive landscape.

Economists warn that this trend may hamper Thailand’s recovery efforts from the pandemic-induced economic downturn. “A persistent trade deficit could weaken the baht and put pressure on local industries,” stated Dr. Anan Srinakarin, an economist with the National Economic and Social Development Council. “Diversifying export markets and improving domestic production will be crucial to counter this imbalance.”

Thailand’s government has expressed intentions to enhance trade relations and boost local industries. Initiatives aimed at fostering innovation and investing in infrastructure have been proposed to reduce reliance on imports. However, experts stress that achieving a balanced trade relationship with China remains a complex challenge.

As the situation develops, stakeholders will be keenly assessing the implications on Thailand’s economic landscape and its strategic partnerships in the region.

Sources: Ministry of Commerce, National Economic and Social Development Council, Bangkok Post and Thailand’s trade deficit with China soars to THB 768 billion in first 5 months of 2025