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Exports performed well in May, supporting signs of continual growth in H2/2024 and 2025.
Thai exports in May 2024 saw a 7.2%YOY increase, with strong growth in agricultural and manufacturing products, particularly fruits. Exports to China and India were robust, while those to Australia and the Middle East declined. SCB EIC expects continued export growth in June and the second half of 2024, with a positive outlook for 2025.