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25 Dec 2025

Thai Economy

Thai exports rose by 7.1% YoY in November 2025; full-year growth forecast revised up to 12.0% from 11.0% (Business Brief No.4229 Full Ed.)

คะแนนเฉลี่ย
  • Thai shipments in November 2025 expanded by 7.1 percent YoY, accelerating from 5.7 percent YoY in October, led by electronics exports. Most electronics shipped to the US are not yet subject to import tariffs and continue to benefit from the cyclical upturn in global demand. 
  • KResearch has upwardly revised its 2025 export growth forecast to 12.0 percent from 11.0 percent, as shipments in the first 11 months of the year grew more than expected due to the delayed impact of US tariffs. Meanwhile, the full-year import growth forecast has also been revised up to 12.2 percent from 10.3 percent. 
  • For 2026, KResearch projects that Thai exports will contract by -1.2 percent YoY, with key downside risks stemming from US tariff measures, which are likely to broaden the range of products subject to higher import duties under Section 232, alongside an expected slowdown in global trade.

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Thai Economy