The major export markets performed well, with a notable 54.3% increase in electronics exports to the United States, along with growth in the EU (17.2%) and ASEAN (13.1%). China and Japan saw 4.4% and 8.6% growth, respectively, while exports to CLMV (Cambodia, Laos, Myanmar, and Vietnam) declined by 11.4%.
Emerging markets also showed positive trends, with exports to Australia (30.2%), the Middle East (20.5%), Africa (13.1%), and Latin America (18.6%) increasing by 7.9%.Â
However, exports to South Asia (-14.3%), Russia and the Commonwealth of Independent States (-21.7%), and the United Kingdom (-12.8%) declined, while exports to other markets soared by 176%.
Looking ahead, export growth is expected to slow in 2026 due to the impact of US tax measures, both existing and new, as well as changes in global trade regulations amidst escalating geopolitical conflicts. These factors could affect global production and trade structures, alongside the appreciation of the baht.
Nevertheless, Thai exports are supported by rising demand for technology products and AI, food security concerns, and the growth of emerging markets like India, Latin America, and Central Asia. Additionally, the new Free Trade Agreement (FTA) benefits, set to take effect this year, will offer further opportunities for Thai exporters.
The Ministry of Commerce will continue to closely monitor trade situations and measures to address obstacles promptly and strengthen long-term confidence among Thai exporters.
Â