In an effort to shield its export-driven economy from potential repercussions of U.S.-instigated trade wars, Thailand is set to ramp up imports of American ethane and agricultural products.
Pongsarun Assawachaisophon, deputy secretary-general to Prime Minister Paetongtarn Shinawatra, disclosed to Bloomberg News that the government has urged Thai petrochemical firms to increase their purchase of U.S. ethane by at least 1 million tons, an investment estimated at around $200 million.
“We are adopting a proactive stance and expect this move to favorably position us in negotiations with the U.S.,” Pongsarun noted, suggesting that bolstering economic ties might also reinforce defense and security alliances.
Underlining the importance of this relationship, Thailand recognizes its trade surplus with the U.S.—about $35.4 billion in 2024 according to the Thai Commerce Ministry—as a potential focal point for U.S. scrutiny under President Donald Trump, who has been vocal against trade imbalances.
Furthermore, Thai feed mills are slated to increase their procurement of American soybean meal and other agricultural inputs for cattle, poultry, and pig feeds, although specific quantities were not detailed.
The U.S. Energy Information Administration lists current major importers of U.S. ethane as China, India, Canada, and Norway, with its primary use in the petrochemical sector as a feedstock.
With potential U.S. tariffs looming over Thailand’s trade-reliant economy, Commerce Minister Pichai Naripthaphan is scheduled to travel to the U.S. Aimed at dissipating trade tensions, his mission includes potential talks with key trade officials to foster diplomatic and economic stability.
