FX.co ★ Thailand Export Growth Hits 3-Year High

Thailand's exports soared by 17.8% year-on-year to a new peak of USD 29.55 billion in March 2025, surpassing February’s growth of 14% and exceeding market predictions of a 13% increase. This marks the ninth consecutive month of export expansion and the swiftest growth observed since March 2022, primarily fueled by industrial products. Industrial product exports jumped by 23.5%, driven by notable sales increases in sectors such as computers (80.2%), automobiles (5.6%), rubber products (17.7%), and machinery and mechanical components (17.7%). Meanwhile, agricultural exports dipped by 0.5%, and agro-industrial exports declined by 3.1%, with significant reductions in rice (-23.4%), canned and processed seafood (-4.7%), and sugar (-27.7%). Exports increased to several key markets, including the U.S. (34.3%), China (22.2%), Japan (1.5%), the EU (4.0%), and the ASEAN bloc (13.2%). The United States remained Thailand’s largest export destination, representing 18.3% of total shipments last year. During the first quarter of 2025, exports rose by 15.2% year-on-year, reaching USD 81.53 billion. In the previous year, exports climbed by 5.4% to a record USD 300.5 billion.