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Thailand: Merchandise exports grow at a faster pace in May
Latest reading: Merchandise exports shot up 18.5% in annual terms in May (April: +9.8% year-on-year). The result marked the fastest outturn since March 2022. Meanwhile, merchandise imports jumped 19.3% on an annual basis in May (April: +17.2% yoy), marking the highest print since August 2022.
As a result, the merchandise trade balance improved from the previous month, recording a USD 3.4 billion surplus in May (April 2025: USD 1.4 billion deficit; May 2024: USD 3.0 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 23.7 billion surplus in May, compared to the USD 23.3 billion surplus in April.
