Thailand Trade Trends June 2024

According to data released by Thailand’s Ministry of Commerce, the country's exports increased by 2 per cent to USD 145.3 billion during the first six months of 2024, while imports grew by 3 per cent to USD 150.5 billion.

In June alone, the exports fell by 0.3 per cent year on year to USD 24.8 billion, while imports grew by 3.3 per cent to USD 24.6 billion in the same period, resulting in a trade surplus of USD 220 million.

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.