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Economy
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October Export Growth Surpasses Expectations Driven by Gold and Electronics; SCB EIC Upgrades 2024 Outlook but Downgrade…
Thai exports in October 2024 grew robustly by 14.6%, reaching USD 27,222.1 million and exceeding analyst expectations. Key drivers include gold exports, an upswing in the electronics sector, and growth in major markets such as the U.S., European Union, India, and Japan. Trade balance returned to deficit.
Trump 2.0: Impact on the Global and Thai Economy
Donald Trump wins U.S. presidential election with Republican majority in House and Senate. Trump’s policies focus on trade protectionism, immigration restrictions, and energy security. IMF predicts global economic impact with increased tariffs, reduced investment, and tighter financial conditions. Thailand’s economy faces downside risks due to decreased exports and investment under Trump 2.0 policies.
Exports in September continued to expand despite surrounding pressures, increasing the likelihood that the annual growth…
Thai exports in September 2024 grew by 1.1%YOY, slower than previous months and below analysts’ expectations. Three out of four major categories experienced slower growth, with mining and fuel products contracting. Exports to the US and CLMV markets expanded, while imports increased, leading to a trade surplus.