Thai-Russian Chamber of Commerce

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Thailand Country Guide

Thailand’s economy and its trade with Russia: current Bank of Thailand indicators, Ministry of Commerce trade figures and annual World Bank context.

Thailand is a Southeast Asian economy with substantial manufacturing, services, tourism and international trade activity.

This guide starts with Thailand’s merchandise trade with Russia, then shows current economic and financial indicators from the Bank of Thailand, followed by annual World Bank context. Every figure is official and dated; missing values are never estimated.
  • Economy: Bank of Thailand, checked daily (last 13 Oct 2026)
  • Trade: Ministry of Commerce, January–July 2026
  • Annual context: World Bank, to 2025

Bilateral trade

Thailand–Russia trade

January–July 2026 · Year to date · USD

  • Exports to Russia US$441.1M −26.9% vs comparable prior year
  • Imports from Russia US$910.8M +91.0% vs comparable prior year
  • Total trade US$1.4B +25.2% vs comparable prior year
  • Trade balance −US$469.7M Thailand deficit

Russia is Thailand’s 34th largest trading partner by total trade · 0.3% of Thailand’s total trade.

Top Thailand exports to Russia

  1. HS 40 Rubber and rubber articles
  2. HS 85 Electrical and electronic equipment
  3. HS 84 Machinery and mechanical equipment

Top Thailand imports from Russia

  1. HS 27 Mineral fuels and oils
  2. HS 31 Fertiliser products
  3. HS 76 Aluminium and aluminium articles
Full Thailand–Russia trade statistics Products traded with Russia, by sector

Merchandise (goods) trade reported by Thailand’s Ministry of Commerce. It is not the World Bank’s annual exports and imports of goods and services shown further below. Source: Direct MOC country or territory observation; comparisons calculated by TRCC.

Bank of Thailand statistics

Thailand Economic & Financial Statistics

Latest official figures saved from the Bank of Thailand. Missing periods are not filled.

Thailand economic snapshot

  • Thailand recorded a current-account surplus in the latest month; international reserves were higher than a year earlier.
  • Household leverage remains high but has eased from a year earlier.
  • Outstanding bank lending to businesses increased from a year earlier.
  • The NPL ratio was broadly stable from a year earlier.

Derived by fixed rules from the published figures below.

Monetary & External

  • Policy Rate

    1.00%

    • 0 bp vs previous month
    • −50 bp YoY
    • Last change: −25 bp in Feb 2026

    The policy rate was unchanged from the previous month.

    Jul 2024Sep 2026

    How to read: Changes are shown in basis points: 25 bp = 0.25 percentage points.

    Scope: Rate set by the Monetary Policy Committee, as published monthly (FM_RT_001_S4)

    Source: Bank of Thailand · retrieved by TRCC

  • USD/THB

    33.5210 THB per USD

    • −0.0370 THB vs previous business day
    • +2.4% YoY

    The baht was weaker against the US dollar than a year earlier.

    8 Sep 202512 Oct 2026

    How to read: Baht per US dollar: a higher rate means a weaker baht.

    Scope: BOT daily weighted-average interbank rate, THB per 1 USD (not a retail rate)

    Source: Bank of Thailand · retrieved by TRCC

  • International Reserves

    278.39 USD billion

    • −1.68 USD billion vs previous week
    • +2.4% YoY

    International reserves were higher than a year earlier.

    18 Oct 202425 Sep 2026

    Scope: Gross international reserves (EC_XT_031), weekly

    Source: Bank of Thailand · retrieved by TRCC

  • Current Account

    2.35 USD billion

    • Previous month (Jul 2026): 698.03 USD million surplus
    • Year earlier (Aug 2025): 1.76 USD billion surplus

    Thailand recorded a current-account surplus in the latest month; the surplus widened from the previous month.

    Jan 2020Aug 2026

    How to read: A monthly flow: a positive balance is a surplus, a negative one a deficit.

    Scope: Monthly current account balance (EC_XT_047_S3)

    Source: Bank of Thailand · retrieved by TRCC

Credit & Banking

  • Household Debt

    16.43 THB trillion

    • −0.1% QoQ
    • +0.6% YoY

    Q3 2024Q2 2026

    Scope: Household loans, end of quarter (EC_MB_039_S3)

    Source: Bank of Thailand · retrieved by TRCC

  • Household Debt / GDP

    85.20%

    • −0.80 pp QoQ
    • −1.30 pp YoY

    Household leverage remains high but has eased from a year earlier.

    Q3 2024Q2 2026

    How to read: Household debt relative to economic output; changes are shown in percentage points.

    Scope: BOT-published ratio to rolling four-quarter nominal GDP, not seasonally adjusted

    Source: Bank of Thailand · retrieved by TRCC

  • Business Loans

    10.55 THB trillion

    • +0.1% MoM
    • +5.9% YoY

    Outstanding bank lending to businesses increased from a year earlier.

    Jul 2024Aug 2026

    Scope: Loans to other nonfinancial corporations, all lenders (EC_MB_041_S3)

    Source: Bank of Thailand · retrieved by TRCC

  • NPL Ratio

    2.90%

    • 0.00 pp QoQ
    • −0.10 pp YoY

    The NPL ratio was broadly stable from a year earlier.

    Q1 2017Q2 2026

    How to read: Share of loans classified as non-performing; changes are shown in percentage points.

    Scope: Domestically incorporated commercial banks

    Source: Bank of Thailand · retrieved by TRCC

World Bank statistics

Thailand in numbers

Eight indicators presented as an editorial reference. Observation years can differ by indicator.

Country World aggregate

People

  • Population

    71.6M people

    Latest available year: 2025

    Change: -0.1% since 2024

    20212025

Economy

  • GDP

    577.0B current US$

    Latest available year: 2025

    Nominal US$ change: +9.0% since 2024

    20212025

  • GDP per capita

    8,057 current US$ per person

    Latest available year: 2025

    Nominal US$ change: +9.1% since 2024

    World aggregate: 14,406 current US$ per person · 2025

    20212025

  • GDP growth

    2.4 %

    Latest available year: 2025

    Change: -0.5 percentage points since 2024

    World aggregate: 2.9 % · 2025

    20212025

  • Inflation

    -0.1 %

    Latest available year: 2025

    Change: -0.5 percentage points since 2024

    World aggregate: 3.0 % · 2025

    20212025

Trade

  • Trade share

    138.4 % of GDP

    Latest available year: 2025

    Change: +2.7 percentage points since 2024

    World aggregate: 68.5 % of GDP · 2025

    20212025

  • Exports

    410.5B current US$

    Latest available year: 2025

    Nominal US$ change: +11.3% since 2024

    20212025

  • Imports

    388.1B current US$

    Latest available year: 2025

    Nominal US$ change: +11.0% since 2024

    20212025

Source: World Bank — World Development Indicators

World Bank data updated: 2026-07-13

Retrieved by TRCC:

Indicators can have different observation years. Missing values are not gap-filled.

Each mini-chart uses its own scale.

Exports and imports cover economy-wide goods and services, not bilateral Thailand–Russia trade.

Current-US$ values may reflect price and exchange-rate changes.

Digital inclusion

Digital inclusion

% of rural population age 15+, 2024 survey

  • Rural adults who used the internet in the past three months

    • Thailand84.3%

    • World aggregate60.4%

    Reported internet use in the past three months; this is not internet coverage or access to financial services.

  • Main mobile phone is a smartphone

    • Thailand86.6%

    • World aggregate58.0%

    The main mobile phone used is a smartphone; this does not establish personal ownership, network coverage, or service quality.

  • Bank or similar financial institution account

    • Thailand91.5%

    • World aggregate70.9%

    An account at a bank or similar financial institution; this is not all financial services or mobile-money-only account ownership.