Thailand Trade Trends July 2024

According to data released by Thailand’s Ministry of Commerce, the country's exports expanded by 15.2 per cent year on year to USD 25.7 billion in July 2024, while imports grew by 13.1 per cent to USD 27.1 billion.

During the first seven months of 2024, exports increased by 3.8 per cent to USD 171 billion and imports grew by 4.4 per cent to USD 177 billion.

In its latest outlook, the International Monetary Fund estimated Thailand GDP growth rate to be 2.7 per cent in 2024 and 2.9 per cent in 2025.

The Association of Southeast Asian Nations (ASEAN) is a political and economic union of ten members, has 667 million people and a territory of 4.5 million Km2; is currently the third largest economy in Asia-Pacific and the fifth largest in the World. The ASEAN Economic Community (AEC) has a combined GDP of USD 4.2 trillion, according to estimates for 2024.