Thailand Exports seen up 4% this year, rice exports up 16.6%
Thailand’s exports are projected to grow 4% in 2024 and 1%-3% in 2025, driven by a 14.6% annual rise in October exports. Border trade reached 1.51 trillion baht, while rice exports surged 16.6% to 9.27 million tonnes in 11 months. However, India’s rice export resumption may impact Thailand’s shipments in 2025.
Thailand’s exports are expected to rise 4% this year, up from a previous forecast of 2% growth, and to increase 1% to 3% in 2025, the Thai National Shippers’ Council reported on Tuesday.
Exports, a key driver of the economy, jumped 14.6% in October from a year earlier and increased an annual 4.9% in the first 10 months of 2024.
Commerce Minister Pichai Naripthaphan said on Monday that Thai border and cross-border trade rose by 6.18% to reach 1.51 trillion baht in the first 10 months this year.
Meanwhile, the Commerce Ministry said in a statement on Tuesday that Thai rice exports were at 9.27 million metric tonnes in the first 11 months of 2024, up 16.6% from a year earlier.
Thailand, the world’s second-biggest rice exporter after India, could see a drop in rice shipments in 2025 after India resumed its rice exports, according to the ministry.
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Source : Bangkok Post
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