Thai Economy Sees Growth Driven by Manufacturing and Exports
Central Bank Reports Positive Trends in April Amidst Slower Tourism and Trade Deficits
The Thai economy exhibited signs of improvement in April 2025, compared to the previous month, primarily fueled by growth in the manufacturing sector.
According to a recent report from the Bank of Thailand (BoT), a notable increase in exports played a critical role in this economic enhancement, prompting inventory replenishment across various industries.
Additionally, a modest uptick in tourism contributed to the positive economic outlook, although this sector remains below levels recorded in the same period last year.
The central bank emphasized that it is premature to assess any adverse effects resulting from the US tariff policy, which was implemented in early April.
Despite a slight deceleration in exports to the United States, these figures remained robust, reflecting the overall strength of Thailand’s trade.
In concrete terms, total exports surged by 9.9% year-on-year in April, while imports rose significantly by 17.3%.
This development yielded a trade deficit of $1.4 billion for the month, alongside a broader current account deficit amounting to $1.5 billion.
The BoT noted that private investment continues to demonstrate expansion, suggesting a resilient economic environment that could adapt to external pressures.
Nonetheless, the recent performance in tourism, despite improvements, raises questions about the sustainability of recovery in this vital sector for Thailand’s economy.
According to a recent report from the Bank of Thailand (BoT), a notable increase in exports played a critical role in this economic enhancement, prompting inventory replenishment across various industries.
Additionally, a modest uptick in tourism contributed to the positive economic outlook, although this sector remains below levels recorded in the same period last year.
The central bank emphasized that it is premature to assess any adverse effects resulting from the US tariff policy, which was implemented in early April.
Despite a slight deceleration in exports to the United States, these figures remained robust, reflecting the overall strength of Thailand’s trade.
In concrete terms, total exports surged by 9.9% year-on-year in April, while imports rose significantly by 17.3%.
This development yielded a trade deficit of $1.4 billion for the month, alongside a broader current account deficit amounting to $1.5 billion.
The BoT noted that private investment continues to demonstrate expansion, suggesting a resilient economic environment that could adapt to external pressures.
Nonetheless, the recent performance in tourism, despite improvements, raises questions about the sustainability of recovery in this vital sector for Thailand’s economy.
