Exports in November Remain Strong, but SCB EIC Foresees Trade War Pressures Impacting Thai Exports in the latter half of…
Thai exports in November grew by 8.2%, reaching USD 25.6 billion, exceeding forecasts. Exports were driven by electronics demand, high gold exports, and recovery in certain manufacturing sectors. Exports to China increased significantly, but overall export markets slowed down. Thailand’s trade balance returned to a deficit and SCB EIC projects continued export growth for 2024, but challenges may arise in 2025 due to trade wars.