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Export Situation in
Fiscal Year 2025
Total export value amounted to USD 311,839 million, expanding by 13.2% YoY (excluding
oil and gold: 12.1%). Export value in Thai baht terms totaled THB 10,999,516 million, expanding
by 5.2% YoY (excluding oil and gold: 4.3%). Exports expanded for the second consecutive year,
albeit at a slower pace compared with the previous year (+7.1%). Although the export growth
was supported by front-loading to mitigate the impact of Reciprocal Tariffs and by the upturn
in the global electronics cycle, particularly Smart Electronics. export growth was constrained by
the U.S.-China trade war, global geopolitical tensions, weakening demand from major trading
partners (excluding the U.S.), and the appreciation of the Thai baht to its strongest level in four
years. A key risk factor to monitor is the ruling of the U.S. court on the use of emergency powers
under the IEEPA by former President Trump in implementing Reciprocal Tariffs, which may affect
Thailand’s export outlook.
1 ที่่�มา https://www.infoquest.co.th/
2 ที่่�มา https://www.lhbank.co.th/
3 ที่่�มา https://www.kasikornresearch.com/
4 ที่่�มา https://thaipublica.org/
198 The Customs Department ANNUAL REPORT 2025
