On January 23, 2026, Mr. Nantapong Chiralerspong, Director of the Trade Policy and Strategy Office (TPSO), stated that Thailand’s exports in December 2025 totaled USD 28.92 billion, an increase of 16.8% compared to the same period last year and marking the 18th consecutive month of expansion. Excluding oil-related products, gold, and military equipment, exports grew by 16.6%.
The main drivers were electronic and electrical products, which benefitted from technology upgrades to the artificial intelligence (AI) era and supply chain diversification amid geopolitical tensions. In contrast, exports of agricultural goods continued to contract due to the impact of natural disasters and intense global market competition.
For the entirety of 2025, Thailand’s exports amounted to USD 339.63 billion, expanding by 12.9%. Excluding oil-related products, gold, and military equipment, exports grew by 14.0%—a new record high.
However, in December 2025, imports were valued at USD 29.28 billion, increasing by 18.8%, resulting in a trade deficit of USD 352.0 million. For the full year 2025, imports totaled USD 344.94 billion, up 12.9%, leading to a trade deficit of USD 5.30 billion.
For agricultural and agro-industrial exports in December, there was a rebound with a 2.8% increase from the previous year, returning to positive growth for the first time in five months. However, agricultural products declined for the fifth consecutive month by 0.6%, while agro-industrial products expanded by 6.8%.
Key products showing growth included fresh, chilled, frozen, and dried fruits, pet food, processed chicken, canned and processed fruits, as well as animal and vegetable fats and oils. Products that saw declines included rubber, rice, cassava products, beverages, and sugar. Overall for 2025, exports of agricultural and agro-industrial products contracted by 0.4%.
As for industrial product exports in December, growth was at 20.3% for the 21st consecutive month. The main items with significant growth included computers and components, telephones and equipment, electronic circuit boards (PCBs), machinery, transformers, as well as electrical switchboards and control panels. Products that declined included oil-related goods, wood and wood products, and radio and television receivers. Overall, industrial exports expanded by 17.4% in 2025.
Looking to the outlook for 2026, the TPSO sees continued momentum from the digital technology cycle, transition to the AI era, electric vehicles (EVs), and demand for Thai agricultural and food products, along with the commencement of new Free Trade Agreement (FTA) tax benefits expected to take effect this year.
Nevertheless, overall export growth is expected to slow compared to last year as the market adjusts to normal levels after recent surges, alongside pressure from U.S. tariff measures—both existing and new—geopolitical conflicts, and the strengthening trend of the baht.
