Thailand’s export sector continues to show promising growth, with a 1.1% year-on-year increase in September, totaling $25.98 billion. The country’s Trade Policy and Strategy Office (TPSO) forecasts a 2% annual growth, fueled by a favorable global economic landscape, rising demand for Thai products, and easing inflation in key markets like Europe and the United States.
With imports at $25.59 billion, Thailand recorded a trade surplus of $394.2 million in September. Excluding specific categories such as oil, gold, and armaments, export growth climbed to 3.1% year-on-year, demonstrating resilience in core export areas.
For the year so far, Thailand’s exports have reached $223.18 billion, a 3.9% increase compared to the same period last year. Import expenditures for the first nine months stood at $229.13 billion, resulting in a manageable trade deficit of $5.96 billion. Notably, when excluding volatile commodities, export growth stands at a robust 4.2%, underscoring the strong demand for Thai goods in key sectors.
The growth trajectory is driven by heightened demand for Thailand’s agricultural products, food exports, and electronics, all of which are benefiting from a recovering U.S. economy and supportive European market conditions. TPSO Director-General Poonpong Naiyanapakorn expressed optimism for continued export strength through year-end, projecting that Thailand could surpass $290 billion in exports by December — setting a new record over last year’s $287 billion.
Chaicharn Charoensuk, president of the Thai National Shippers’ Council, echoed this positive outlook, noting that the final quarter is typically marked by increased order volumes. With this momentum, Thailand’s export sector is well-positioned to capitalize on global demand, reinforcing the country’s growing significance in international trade.
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