FX.co ★ Thailand Imports Rise the Least in 5 Months

In July 2025, Thailand experienced a 5.1% year-on-year increase in imports, reaching USD 28.26 billion. This marks a significant deceleration from the 13.1% growth observed in June, although it marginally exceeded market predictions of a 4.9% rise. Despite representing the 14th consecutive month of increased imports, this latest figure is the most modest since February, reflecting a general slowdown in trade activity. Import growth was recorded in several areas: capital goods (23.2%), raw materials and semi-finished products (11.3%), consumer goods (5.5%), transport equipment (2.1%), and other categories (7.8%). Contrarily, fuel products saw a decline of 35.4%. On a commodity level, imports surged for electrical machinery and components (49.7%), circuit boards (5.1%), machinery (12.3%), precious items like jewelry, gems, and silver (80.3%), non-ferrous metals such as other metal ores, scrap metal, and related products (9.0%), iron and steel (17.5%), as well as computers and components (12.2%). Meanwhile, there were reductions in the imports of crude oil (-44.6%), chemicals (-8.1%), and plant-based goods (-0.8%). Overall, for the first seven months of 2025, total imports rose by 10.6%, amounting to USD 195.17 billion.