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26 Dec 2024

Thai Economy

Thai exports grew by 8.2% YoY in November 2024, bolstered by renewed trade war concerns (Business Brief No.4111)

คะแนนเฉลี่ย

Thai exports grew by 8.2% YoY in November 2024, bolstered by renewed trade war concerns

  • Thailand’s exports rose by 8.2 percent YoY in November 2024, primarily driven by shipments of computers and parts as well as other industrial products to several key markets, especially the US.
  • The country’s outward trade grew by 5.1 percent YoY in 11M24. Its shipments for 2024 are thus likely to surpass the prior estimate of 4.5 percent.
  • In 2025, Thai exports are expected to expand by 2.5 percent, slower growth than 2024 due to negative factors including: 1) a new round of trade war, and 2) the mismatch between Thailand’s export structure and global market demands.

Thai Economy