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Thailand's trade surplus widened to USD 1.28 billion in September 2025, up from USD 0.39 billion in the same month last year and largely surpassing expectations of USD 0.1 billion, as exports grew more than imports. Exports surged 19% year-on-year, accelerating sharply from a 5.8% rise in August, marking the fastest pace since March 2022 and far above market forecasts of a 9% gain. Stronger shipments largely drove the acceleration to the US, which jumped 35.3% yoy, compared with 12.8% in August, amid greater clarity on US tariffs and signs that trade policies could be eased further. Imports climbed 17.2% yoy, after a 15.8% rise in August, marking the fastest pace since May, and exceeding expectations of a 10.6% increase, driven by stronger domestic demand following the government’s measures to boost consumption. For the first nine months of 2025, Thailand registered a trade gap of USD 0.43 billion, with exports and imports rising 13.9% and 11.9%, respectively.