Booming export numbers on course to smash expectations

Exports are expected to grow by 6-7% this year, surpassing the previous target of 2-3%, according to the Commerce Ministry.

- PHUSADEE ARUNMAS

At an online policy briefing yesterday, Commerce Minister Suphajee Suthumpun outlined seven key policies as part of a “Quick Big Win’ strategy aimed at addressing economic challenges and enhancing the country’s trade and export capabilities.

She said using these strategies, exports are projected to expand by 6-7% year-on-year, exceeding previous estimates of 2-3%. The average monthly export value is expected to reach US$24 billion in the last four months of the year, with total exports anticipated to exceed 12 trillion baht in 2025.

Mrs Suphajee said the priorities in the next four months include finalising the agreement on reciprocal tariffs with the US, updating the rules of origin, and fully digitising certificates of origin to enhance transparency and prevent fraudulent claims.

Despite the US government shutdown, she said tariff discussions between the two nations continue uninterrupted.