By Reuters and published by CNA
THAILAND’S customs-cleared exports jumped 18.4 percent in May from a year earlier, the commerce ministry said on Wednesday (June 18), beating analysts’ expectations.
The reading compared with a forecast 6.7 percent year-on-year increase for May in a Reuters poll, and followed April’s 10.2 percent rise.
In the first five months of 2025, exports, a key driver of the Thai economy, rose 14.9 percent from a year earlier.
Commerce Minister Pichai Naripthaphan told a news conference that exports would be “a hero” for the economy this year, and said he expects upcoming trade talks with the United States on tariffs to go well.
Thailand faces a 36 percent US tariff on its exports if a reduction can’t be negotiated before a moratorium expires in July. The US has set a 10 percent tariff for most nations while the moratorium is in place.
CAPTION:
A drone view of Bangkok’s Klong Toey port, after US President Donald Trump announced a 90-day pause on tariffs for many countries, on April 10, 2025. File photo: Reuters/Athit Perawongmetha and published by CNA
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