25 Feb 2025

Thai Economy

Thai exports in January 2025 grew by 13.6% YoY, supported by accelerated imports ahead of US import tariff hikes (Business Brief No.4132)

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•    Thai exports in January 2025 grew by 13.6 percent YoY, the highest seen during the same period since 2018, driven by accelerated imports amid uncertainties regarding US economic policy.
•    Thai exports may benefit from accelerated imports in various markets during 1Q25.
•    However, KResearch has preliminarily estimated that the impact of a new round of trade wars may shave Thai export growth by 0.5 percent, which is included in our overall projection for Thai export growth in 2025 at 2.5 percent, slowing from the previous year.

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Thai exports in January 2025 grew by 13.6% YoY, supported by accelerated imports ahead of US import tariff hikes (Business Brief No.4132)

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Thai exports in January 2025 grew by 13.6% YoY, supported by accelerated imports ahead of US import tariff hikes (Business Brief No.4132)

Related Analysis

Households are Cautious about Spending in 1Q18

Thai economy continues to grow in 2018 Growth of 4.0% is expected (Business Brief No.3727)

Official launch of EEC: Key to Thailand’s Economic Development (Current Issue No. 2899 Full Ed.)

Thai Household Debt May Fall to 77-78% of GDP in 2018 (Current Issue No. 2896)

Economy Likely Unfazed by THB5-22 Daily Minimum Wage Hikes Nationwide (Business Brief No.3722 Full Ed.)

Household sentiment toward economy continues to improve for 3 straight months, sending positive signal for private consumption in 1Q18

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