Thailand's Export Growth Outlook

BANGKOK (Reuters) – Thailand could exceed a government forecast of 2% to 3% export growth in 2025, according to the commerce minister. This statement came on Wednesday as he alleviated concerns about the potential effects of a second Trump administration on local exporters.

Pichai Naripthaphan mentioned that a weaker baht, ideally around 36 or 37 per dollar (compared to the current rate under 35 per dollar), would be better suited for exporters.

> "I'm not too worried. I think we can handle it. If Thailand is hit, others will be hit harder than us," Pichai said when discussing possible new U.S. trade policies after meeting with business representatives regarding shipment outlook.

Exports, crucial for Thailand's growth, surged by 14.6% in October, marking the fastest pace in three months, and saw a 4.9% annual increase in the first ten months of 2024. Pichai projected overall export growth for 2024 at 5%.