FX.co ★ Thailand Export Growth Hits 4-Month High

In February 2025, Thailand saw a remarkable 14% year-on-year increase in exports, reaching USD 26.71 billion, following January's 13.6% rise. This marks the eighth consecutive month of export growth and represents the fastest increase since last October, driven by strong performance in agricultural and agro-industrial sectors. Industrial products experienced a significant boost, surging 17.2%, largely due to increased sales in computers, equipment and parts (51.3%), automobiles, equipment and parts (4.5%), rubber products (16.9%), as well as machinery and mechanical components (21.5%). In addition, agro-industrial exports climbed by 9.9%, with notable gains in fresh, chilled, frozen, and processed chicken (9.3%), pet foods (14.4%), and canned and processed fruit (22.5%). On the other hand, exports of agricultural products decreased by 1.6%. Regarding trading partners, exports increased to the United States (18.3%), China (22.4%), and EU countries (4.5%) but declined to Japan (-3.1%) and ASEAN countries (-1.1%). For the first two months of the year, exports have risen 13.8% compared to the same period last year. In 2024, Thailand's total exports expanded by 5.4%, amounting to USD 300.5 billion.