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24 Apr 2025

Thai Economy

Thai exports in March 2025 grew at the highest rate in three years at 17.8% YoY, but full-year figure may contract by 0.5% due to US tariff hikes (Business Brief No.4148 Full Ed.)

คะแนนเฉลี่ย
  • Thai exports in March 2025 grew by 17.8 percent YoY, marking the highest rate in three years. This surge was driven by other countries’ accelerated imports, which boosted Thai exports to all major markets, particularly computers and parts.
  • It is expected that Thai exports in 2Q25 may maintain their growth, but slower significantly from 1Q25 due to the front-loading of imports by trade partners and the high base effect. However, the overall shipments may contract during the rest of the year.
  • Given this, KResearch has lowered its 2025 export growth forecast for Thailand to a contraction of 0.5 percent from its prior estimate of 2.5 percent. However, the actual figure may depend on negotiations between the Thai government and the US.

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Thai Economy