BANGKOK: Thailand’s export sector is on track to exceed its 2% to 3% growth target for the year, according to Commerce Minister Pichai Naripthaphan. This upbeat outlook is driven by stronger shipments to markets beyond the United States.
Speaking to reporters on Wednesday, Pichai said that while the U.S. remains Thailand’s top export destination, diversification efforts are yielding results. “We are seeing encouraging demand from alternative markets, which is helping cushion the impact of trade frictions,” he noted.
Thailand is currently facing a 36% tariff on goods exported to the United States. The government aims to address this by seeking a trade discussion with U.S. counterparts later this month in hopes of negotiating a resolution.
Despite these trade challenges, the ministry remains optimistic about the export sector’s performance, citing resilient demand and proactive engagement with new trading partners.–REUTERS
