Thailand's exports surge 24.3% in August, fastest in nearly five years
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Thailand's exports grew at the fastest pace in four years in August, driven by electronics linked to the global artificial intelligence boom and surging Chinese demand for Thai durian and mangosteen. According to data from the Ministry of Commerce released on Friday, exports rose 24.3% year-on-year in August, the highest in 56 months, following a 21.6% increase in July. Imports grew 25.1%, slowing from 36.7% the previous month, narrowing the trade deficit to $2.5 billion from $3.6 billion in July. The ministry forecasts that Thailand's exports will set a new record this year. Electronics, which account for nearly one-third of exports, are expected to remain a key driver as global tech companies increase investment in AI infrastructure.
Source report
September 25 — Thailand's exports grew at the fastest rate in four years, fueled by electronics tied to the global artificial intelligence boom and a sharp rise in Chinese demand for Thai durians and mangosteens, according to foreign media reports.
Key Export and Trade Data
- August exports rose 24.3% year-on-year, the highest increase in 56 months, compared to 21.6% in July.
- Imports grew 25.1% in August, down from 36.7% in the previous month.
- The trade deficit narrowed to $2.5 billion in August, from $3.6 billion in July.
Outlook and Drivers
The Ministry of Commerce forecasts that Thailand's exports will hit a new record this year.
Electronics, which account for nearly one-third of total exports, are expected to remain a key growth driver as global technology companies continue to increase investment in AI infrastructure.
Source
中钢网Neutral / independent