Thai exports have continued to grow for 25 consecutive months, registering a 21.6% increase for the month of July compared to the previous month, bolstered by demand for Thai electronic products and farm produce, according to the Trade Policy and Strategy Office (TPSO).
TPSO Director General Nantapong Chiralerspong said today that Thai exports in July amounted to US$ 34.78 billion.
Imports in July amounted to US$ 38.39 billion, resulting to trade deficit of US$3.6 billion. Total exports for the first seven months of this year amounted to US$231.53 billion, while imports totalled US$266.8 billion, resulting in trade deficit of $35.3 billion.
The increase in exports have been attributed to increased demand for technology supply chain and digital infrastructure products ahead of the US trade policy changes and the expansion of primary farm products.
The import increase has been attributed to the increase in demand for raw materials, capital goods and machinery and the global oil price rise.
Exports of rubber, rice, animal feed, canned and processed seafood during the first seven months increased, while exports of sugar, palm oil and frozen chicken dropped by about 2.9%.
Exports of industrial products have continue to grow for 28 consecutive months, registering a growth of 24.2% in July. Industrial products which saw export increases included computers and accessories, smart phones and accessories, circuit boards , machinery, transformers and accessories, copper and copper products, video and acoustic devices.
Exports of gems and ornaments, with the exception of gold ornaments, air conditioners, motorcycles and spare parts, dropped during the seven-month period.
The TPSO predicted exports in the last quarter will continue to rise, especially AI-related products, but it warned of the impacts from the situation in the Middle East and the US tariff measures, both of which pose an obstacle to export growth.
