Thailand’s exports registered a 7.1% year-on-year gain in November, the Commerce Ministry reported on Thursday, lagging behind the 8.25% increase forecasted in a Reuters poll. The growth, though solid, was slightly slower than analysts’ anticipated and follows a 5.7% expansion posted in October.
The Commerce Ministry anticipates that Thai exports will finish the year with a robust performance, projecting growth in the range of 11.6% to 12.1%. However, the outlook for 2026 is more subdued, with forecasts spanning from a 3.3% decline to a 1.1% rise, according to official projections.
Exports to the United States rose 37.9% year-on-year. This is after the imposition of 19% tariffs on Thai imports. Meanwhile, shipments to China dropped 7.8%.
November imports climbed 17.6% from a year earlier, picking up pace from the 16.3% increase recorded in the previous month. The surge in imports contributed to a trade deficit of $2.73 billion in November. For the first eleven months of 2025, Thailand’s trade deficit stood at $4.96 billion, the Commerce Ministry noted.
