Thailand's exports surged by **7%** in August 2024, reaching **$26.18 billion**, driven by strong demand for agricultural and industrial products. This growth follows a remarkable **15.2%** increase in July, marking the second consecutive month of export expansion.
The rise in shipments is attributed to easing inflationary pressures and improved consumer purchasing power, alongside favorable weather conditions that have positively impacted agricultural output. Notably, exports of agricultural products jumped **17.5%**, with significant contributions from rubber and rice, reflecting the ongoing recovery of Thailand's export sector amid global market fluctuations influenced by climate change.
Citations:
[1] https://english.news.cn/asiapacific/20240925/44b47ced377e41938dea469750ef0443/c.html
[2] https://tradingeconomics.com/thailand/exports-yoy
[3] https://www.bangkokpost.com/business/general/2251539/exports-surge-17-in-2021
[4] https://tradingeconomics.com/thailand/balance-of-trade
[5] https://www.iatp.org/agricultural-trade-standards-within-ipef
[6] https://unfccc.int/sites/default/files/resource/NAP_THAILAND_2024.pdf
[7] https://www.businesstoday.in/india/story/centre-likely-to-ease-export-curbs-on-rice-with-international-prices-set-to-cool-444066-2024-09-02
[8] https://www.scmp.com/week-asia/economics/article/3277016/india-rice-traders-want-easing-export-curbs-competition-pakistan-stiffens