Story perspectives

Thailand's Trade Surplus Soars Amid U.S.-China Tensions

1/24/2026

Summary

Story summary

Thailand posted $51.4 billion trade surplus with United States in 2025 and a $67.9 billion deficit with China.
Exports rose, led by electronics, as companies routed goods through Thailand to offset U.S. tariffs.
In December 2025, exports rose 16.8% and imports rose 18.8%, yielding a $0.35 billion deficit.
The baht's appreciation poses risks to export competitiveness.
Commerce Ministry foresees slower export growth in 2026 due to tariff uncertainties and tensions.

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Story summary

Thailand posted $51.4 billion trade surplus with United States in 2025 and a $67.9 billion deficit with China.
Exports rose, led by electronics, as companies routed goods through Thailand to offset U.S. tariffs.
In December 2025, exports rose 16.8% and imports rose 18.8%, yielding a $0.35 billion deficit.
The baht's appreciation poses risks to export competitiveness.
Commerce Ministry foresees slower export growth in 2026 due to tariff uncertainties and tensions.