Thailand’s exports rose for an eighth consecutive month in February and more than expected, the Commerce Ministry said on Friday, although uncertainty over US trade policy is clouding the outlook for the remainder of the year.
Exports, a key driver of Southeast Asia’s second-largest economy, jumped 14.0% in February from a year earlier, above a forecast rise of 9.7% in a Reuters poll and following January’s 13.6% increase.
“Exports were very good, we are satisfied,” Commerce Minister Pichai Naripthaphan told a briefing, saying exports could grow an annual 10% over the first quarter.
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“Trade and investment are flowing in and free trade negotiations will help boost exports,” Mr Pichai added.
In 2024, Thai exports rose 5.4% to a record US$301 billion. The ministry has forecast a rise of 2% to 3% this year.
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