Thailand's export growth eased to **7%** in August 2024, a significant decline from **15.2%** in July. This slowdown reflects ongoing challenges in the global market and is part of a broader trend of fluctuating export performance in the country.
Despite the decrease, Thailand's exports remain crucial to its economy, accounting for approximately **65%** of GDP, with major markets including China, Japan, and the United States. The government continues to monitor these developments closely as it aims for a modest export growth target of **1-2%** for the year.
Citations:
[1] https://tradingeconomics.com/thailand/exports-yoy
[2] https://www.bangkokpost.com/business/general/2854833/july-sees-highest-export-growth-in-28-months
[3] https://www.thailand-business-news.com/economics/155681-scb-eic-anticipates-a-2-6-increase-in-thai-exports-for-2024
[4] https://tradingeconomics.com/thailand/exports
[5] https://www.nesdc.go.th/nesdb_en/article_attach/article_file_20240819091049.pdf
[6] https://agriwelfare.gov.in/en/AgricultureTrade
[7] https://fas.usda.gov/data/opportunities-us-agricultural-products-india
[8] https://money.rediff.com/news/market/boost-indo-us-agri-trade-lower-tariffs-harmonized-norms/16196620240924