Thailand's exports have increased for the seventh consecutive month, surpassing economists' expectations for January. According to the Thai Ministry of Commerce, exports rose by 13.6% year-on-year, reaching $25.3 billion, compared to the anticipated 7.4% growth. This surge is attributed to buyers placing orders ahead of potential U.S. tariff concerns.
Poonpong Naiyanapakorn, Director of the Trade Policy and Strategy Office, indicated that February and the first quarter might see double-digit growth as businesses stockpile before U.S. tariff clarity. Thailand is closely monitoring these developments and aims to reduce its trade surplus with the U.S. by increasing imports of corn, soybean meal, and crude oil.
In January, Thailand's exports to the U.S. grew by 22.4% year-on-year, totaling $4.8 billion, marking the 16th consecutive month of growth. The Thai Ministry of Commerce forecasts average monthly exports to reach between $25 billion and $26 billion by 2025.
