Thailand’s exports are on track to exceed the official growth target of 2% to 3% in 2025, according to Commerce Minister Pichai Naripthaphan, thanks to increased shipments to non-US markets.
While the United States remains Thailand’s largest export destination, a newly imposed 36% tariff on Thai goods is prompting the country to diversify trade routes and markets.
“We will try to make an appointment to talk trade with the United States this month,” said Minister Pichai, underlining diplomatic efforts to ease the pressure.
🔄 Diversification in Focus
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Thai exporters are expanding to regional and emerging markets.
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Efforts to reduce dependency on the US are helping buffer the impact of tariffs.
📉 Exporters Want Rate Cuts
Thai shippers have maintained their 2025 export forecast, but are also calling for a policy rate cut to support trade competitiveness amid global uncertainties and rising costs.
