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Thai exports continue steady growth for 25 consecutive months

Thai exports continue steady growth for 25 consecutive months

10 Sept 02:20 Key points summarised by AI
  • Thai exports achieved 25 consecutive months of growth, with a 21.6% increase in July, reaching US$34.78 billion, driven by strong demand for electronic products and farm produce.
  • Despite robust export performance, July recorded a trade deficit of US$3.6 billion due to a surge in imports of raw materials, capital goods, and machinery, compounded by rising global oil prices.
  • Key drivers of export growth included the technology supply chain, digital infrastructure products (like computers and smartphones), and primary farm products such as rubber, rice, and processed seafood.
  • The Trade Policy and Strategy Office (TPSO) forecasts continued export expansion, particularly in AI-related products, but warns of potential obstacles from the Middle East situation and US tariff measures.
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