In January, Thai exports expanded 13.6% year-on-year, a significant improvement from the 8.2% a month earlier. Meanwhile, imports showed slower growth at 7.9% YoY, compared to 14.6% in December 2023. This surged Thailand’s trade deficit to THB 1.88 billion, although the figure are lower than the estimates.
Thailand’s top exports in January 2025 are includes:
- Para Rubbers, which expanded for a 14 consecutive month to 45.5% YoY (higher than average 2024 growth at 36.8%), while rubber has gained 19.9% YoY from a seven continuous growth. These figures will benefit STA and NER shares.
- Frozen raw chickens have improved for four straight months to 12.% YoY (higher than average 2024 growth at 5.7%). CPF and GFPT shares are poised to benefit from the gain.
- Canned seafoods with its seven successive gains to 11.8% YoY (higher than average 2024 growth at 10.6%) will yield a positive result for TU shares.
- Pet foods gained 13.0% YoY from its 16 consecutive months of growth (higher than average 2024 growth at 22.9%), which would slightly benefit AAI and ITC shares.
Thai exports significantly outpaced expectations in January, as the Commerce Ministry reported an impressive year-over-year increase of 13.6%. This surge exceeded the average prediction of a 7.15% rise, as anticipated by a Reuters poll, and follows an 8.7% increase recorded in December.
The commerce ministry expected Thai exports to post double-digit growth in the first quarter of 2025.
