Thailand Achieves Record-Breaking Export Levels in 2024

Thailand’s exports reached $300.5 billion in 2024, up 5.4%, driven by electronics, automotive, and food processing. Government initiatives and tourism growth bolster economic resilience amid global market challenges.

Growth Drivers

Thailand’s economy is thriving, with key industries such as electronics, automotive, and food processing leading the charge. These sectors have witnessed significant advancements in productivity and innovative practices. Additionally, the country’s commitment to sustainability has made it more competitive, particularly in renewable energy and eco-friendly manufacturing.

Record Exports in 2024

In 2024, Thailand’s exports hit an impressive $300.5 billion, representing a 5.4% rise from 2023. December alone accounted for an 8.7% increase, marking half a year of consistent growth. Major markets included the U.S., China, Japan, and the EU, with further expansion into South Asia, the Middle East, and Russia, thanks in part to strategic government policies and infrastructure investments.

Tourism and Future Outlook

Looking ahead, the Ministry of Commerce forecasts a 2-3% growth in 2025, supported by global stability and regional production shifts. The upcoming Lunar New Year is expected to bring over 4 million tourists to Thailand. In preparation, Airports of Thailand is enhancing safety measures and optimizing resources to ensure a smooth travel experience.

Source : Thailand Achieves Record-Breaking Export Levels in 2024

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