Trade surplus for the fiscal year of 2024-2025 is expected to be 400 million US dollars as it is expected that the value of exports would be bigger than that of imports, according to the estimated statistics in the budget for 2024-2025.
The value of exports for the current fiscal year is expected to be 16.7 billion US dollars while imports’ is expected to be 16.3 billion US dollars.
According to the Ministry of Commerce, 60 percent of the export target was achieved in the first eight months of the current fiscal year that was from April to November. The trade surplus for the previous 2023-2024 fiscal year was expected to be 500 million US dollars in the 2023-2024 budget.
The country’s largest exports include beans and pulses, sesame, peanuts, green rubber, onions, and other cooking crops as well as agricultural and marine products. Industrial products such as plywood and veneer, finished wood products, clothing items, sugar and other industrial products are also exported. The imports include investment goods, industrial raw materials, materials for the garment manufacturing industry and consumer goods.
According to the Ministry of Commerce, currently, export items are shipped via sea routes and border trade gates as well as air routes to more than 100 countries including Thailand, China, Japan and India.
