Thailand's Exports Hit Record High, Tourism Set for Lunar New Year

[snoop1130]

File photo for reference only

 

Thailand's export sector soared to a new high in 2024, reaching a staggering $300.5 billion, marking a 5.4% rise from the previous year. December alone saw an impressive growth of 8.7%, marking the sixth straight month of expansion. This record was achieved largely thanks to strong demand from key markets like the US, China, Japan, and the EU, as well as emerging areas such as South Asia, the Middle East, and Russia.

 

Looking ahead, the Ministry of Commerce predicts a 2-3% rise in exports for 2025. This optimism is fueled by global economic stability, low inflation, and a shift in production bases to ASEAN, including Thailand. Soft Power initiatives promoting Thai culture globally are also expected to play a role.

 

Despite these positive trends, challenges loom, particularly geopolitical tensions and trade policy uncertainties. In response, Commerce Minister Phichai Naripthaphan plans a visit to the US in February to discuss potential tariff changes and strengthen trade ties.

 

 

As the Lunar New Year approaches, Thailand is gearing up for a tourism boom, expecting over 4 million tourists, including 700,000 from China – a 22.6% increase from last year. Airports of Thailand (AOT) has stepped up preparations for the influx, with over 24,500 flights anticipated between January 24 and February 2.

 

To ensure efficient operations, AOT has bolstered staff at key points, including immigration and security. Enhanced safety measures are also in place, addressing bird and wildlife hazards. Travelers are encouraged to arrive early to avoid peak period delays, and a 24-hour contact center is available to assist throughout the festive period.

 

-- 2025-01-27

 

 

[Tropicalevo]

And Thailand's wonderful Finance Minister and PM both said that the 'unacceptably high' interest rates would kill exports.

Hmm - who to believe.

[sscc]

2 hours ago, Tropicalevo said:

And Thailand's wonderful Finance Minister and PM both said that the 'unacceptably high' interest rates would kill exports.

Hmm - who to believe.

High exchange rate is not good for exports.. 

Just common sense. 

Are you into something else ?