Thailand Achieves All-Time High in Exports for 2024

BANGKOK (NBT WORLD) – Thailand’s export sector achieved a record high in 2024, with total exports reaching 300.5 billion US dollars (approximately 10.5 trillion baht), a 5.4% increase from the previous year. December exports alone grew by 8.7%, reflecting six consecutive months of growth. Key markets driving this performance included the United States, China, Japan, and the European Union, alongside strong growth in emerging markets such as South Asia, the Middle East, and Russia.
The Ministry of Commerce forecasts export growth of 2-3% in 2025, supported by global economic stability, low inflation, and an increase in production bases relocating to ASEAN countries, including Thailand. The government’s Soft Power efforts, which promote Thai cultural identity in global markets, are also expected to contribute. Challenges remain, including geopolitical tensions, exchange rate fluctuations, and trade policy uncertainties in major economies such as the United States, which the ministry is addressing through diplomatic and economic outreach.
Commerce Minister Phichai Naripthaphan plans to visit the United States in February to discuss trade issues, including potential tariff adjustments on Thai exports. Efforts to expand market access and strengthen trade ties are expected to play a key role in sustaining export momentum in 2025.
During the Lunar New Year celebrations, Thailand is preparing to welcome over 4 million tourists, including 700,000 visitors from China, a 22.6% increase from the previous year. Airports of Thailand (AOT) has implemented measures to handle the rise in passenger traffic, with over 24,500 flights and more than 4 million travelers expected between January 24 and February 2. Additional staff have been deployed across service points, including immigration and security, to ensure smooth operations.
Safety measures at airports have been enhanced, with inspections to mitigate bird and wildlife hazards and strict adherence to international safety standards. Passengers are advised to arrive early during peak travel periods to avoid delays. AOT has established a 24-hour contact center to assist travelers with inquiries throughout the holiday season.



Source: NNT