Display mode (Doesn't show in master page preview)

27 Oct 2025

Thai Economy

Thai exports in September 2025 recorded higher-than-expected growth of 19.0% YoY; full-year 2025 export growth forecast revised up to 11.0% from 5.7% (Business Brief No.4207 Full Ed.)

คะแนนเฉลี่ย
  • Thai exports in September 2025 reported higher-than-expected growth of 19.0 percent YoY. The key drivers were electronics and gold shipments. Excluding these two categories, Thai exports, however, grew only 4.9 percent YoY. 
  • KResearch has upwardly revised its forecast for Thailand’s overall export growth in 2025 to 11.0 percent from the previous estimate of 5.7 percent, based on the better-than-expected shipment figure in September and an improved outlook for exports in 4Q25. An additional driver was the anticipated continued front-loading of electronics shipments. 
  • Meanwhile, KResearch has upwardly revised its forecast for Thailand’s import growth in 2025 to 10.3 percent from the previously projected 5.0 percent, driven by the potential increase in electronics imports in line with exports. However, this upward revision to both shipment and import forecasts is not expected to significantly alter the trade balance and the balance of payments. Given this, our Thailand’s 2025 GDP growth forecast remains unchanged at 1.8 percent.

View full article


Thai Economy