Thai exports boomed: record growth in September 2023!

Thai exports boomed: record growth in September 2023!

Thailand's economy has developed positively in recent months. The export figures from September 2023 are particularly noteworthy. Thai exports reached $31 billion, a jump of 19 percent compared to the previous year. These positive figures exceed market expectations, which were for an increase of 7.2 percent. A look at the details shows that growth is a solid 15.7 percent even without gold, oil products and weapons, as today.line.me reports.

The industrial sector recorded the greatest growth with a sensational increase of 26.4 percent year-on-year. Exports of electronic components have grown particularly strongly, increasing by 42.6 percent. Computers and their parts in particular, which rose by 58 percent, demonstrate how popular electronics are in international demand. Demand from the USA plays a key role and is driving growth in the electronics sector.

Commissions for the agricultural sector

Thailand's imports also increased, reaching $29.7 billion in September, up 11.9 percent year-on-year. In this area, the import of electronic components was particularly noticeable, increasing by 94 percent. This suggests that the Thai industry is well connected to international markets and continues to expand.

Future outlook

gtai.de China continued to be the most important trading partner, and pressure on traditional export markets such as Germany is increasing.