由于出口超过进口，泰国2025年5月的贸易顺差从去年同期的6.6亿美元增至11.2亿美元。出口同比激增18.4%，连续第11个月增长，比4月份的10.2%大幅加速。这标志着自2022年3月以来的最快速度，这是在特朗普总统于4月宣布暂停对泰国出口征收36%关税的计划90天后，工厂急于发货的结果。与此同时，进口也大幅攀升，同比增长18%，高于4月份的16.1%，标志着连续第12个月的扩张，也是自2022年8月以来的最快增速。进口增长得益于曼谷150亿美元经济刺激计划后国内需求的复苏。尽管5月份出现顺差，但该国在2025年前五个月的贸易逆差为11.2亿美元，进出口分别增长14.9%和11.3%。

Thailand’s trade surplus rose to USD 1.12 billion in May 2025, up from USD 0.66 billion in the same month last year, as exports outpaced imports. Exports surged 18.4% year-on-year, the eleventh consecutive month of growth and a sharp acceleration from April’s 10.2% rise. This marked the fastest pace since March 2022, driven by a rush by factories to ship goods after President Trump announced a 90-day pause in April on plans to impose a 36% levy on Thai exports. Meanwhile, imports also climbed sharply, rising 18% year-on-year — up from a 16.1% increase in April, marking the twelfth straight month of expansion and the fastest pace since August 2022. The import growth was fueled by a recovery in domestic demand following Bangkok’s USD 15 billion economic stimulus package. Despite the May surplus, the country posted a trade deficit of USD 1.12 billion over the first five months of 2025, with exports and imports rising 14.9% and 11.3%, respectively.

2025年5月，泰国的进口额同比增长18.0%，达到299.2亿美元的新高，比4月份的16.1%增长更快，标志着连续第12个月增长。这也是自2022年8月以来最快的增长，得益于曼谷150亿美元的刺激计划旨在保护经济免受日益增长的全球压力，特别是美国关税的影响，国内需求进一步上升。资本货物（41.1%）、原材料、半成品（19.3%）、消费品（10.1%）和运输设备（23.8%）的进口增长，但燃料产品（-11.8%）和其他产品（-4.8%）的进口下降。在商品方面，大多数类别的采购量都有所增加：计算机和零部件（157.9%）、珠宝、宝石、白银（142.0%）、机械和零部件（24.1%）、钢铁（20.0%）和汽车零部件（16.6%）。相比之下，原油（-13.7%）、电路板（-12.9%）和植物产品（-12.6%）的到货率下降。今年前五个月，进口增长了11.3%。

Imports to Thailand grew 18.0% yoy to a fresh high of USD 29.92 billion in May 2025, accelerating from a 16.1% rise in April and marking the 12th straight month of increase. It was also the fastest growth since August 2022, boosted by a further rise in domestic demand following Bangkok’s US$15 billion stimulus package aiming at shielding the economy from mounting global pressures, notably the effects of U.S. tariffs. Imports rose for capital goods (41.1%), raw materials, semi-finished products (19.3%), consumer goods (10.1%), and transport equipment (23.8%), but fell for fuel products (-11.8%) and others (-4.8%). Commodity-wise, purchases gained for most categories: computers and components (157.9%), jewelry, gems, silver (142.0%), machinery & components (24.1%), iron and steel (20.0%), and auto components (16.6%). By contrast, arrivals fell for crude oil (-13.7%), circuit board (-12.9%), and plant products (-12.6%). For the first five months of the year, imports expanded 11.3%.

2025年5月，泰国的出口同比增长18.4%，达到310.4亿美元，因为特朗普总统4月宣布暂停对泰国出口征收36%关税的计划90天后，工厂纷纷发货，对美国的出口增长了35.1%。这标志着出口连续第11个月增长，也是自2022年3月以来的最快增速，与4月份由工业和农产工业产品推动的10.2%的增长相比大幅加速。工业产品出口增长22.9%，主要原因是计算机（104.0%）、橡胶制品（34.2%）、汽车、设备和零部件（41.4%）的销售额增加。此外，农产品出口增长6.8%，而农产工业产品增长10.1%，包括罐装和加工海鲜（10.5%）。对中国（28.0%）和欧盟（16.6%）的出口也有所增长，而对日本（-0.9%）和东盟（-0.3%）的出口则有所下降。2025年前五个月，出口同比增长14.9%，达到1382亿美元。

Exports from Thailand surged 18.4% year-on-year to USD 31.04 billion in May 2025, as factories rushed to ship goods following President Trump’s announcement in April of a 90-day pause on plans to impose a 36% levy on Thai exports, with exports to the US jumping 35.1%. This marked the eleventh consecutive month of export growth and the fastest pace since March 2022, a sharp acceleration from the 10.2% growth recorded in April, driven by industrial and agro-industrial products. Exports of industrial products jumped by 22.9%, due mainly to higher sales of computers (104.0%), rubber products (34.2%), automobiles, equipment, and parts (41.4%). Additionally, exports of agricultural products rose 6.8%, while agro-industrial products grew by 10,1%, including canned and processed seafood (10.5%). Exports also grew to China (28.0%) and the EU (16.6%), while falling to Japan (-0.9%) and the ASEAN (-0.3%). For the first five months of 2025, exports rose by 14.9% yoy to USD 138.2 billion.

泰国商会大学的消费者信心指数从上个月的55.4降至2025年5月的54.2。这是连续第四个月下降，也是自2023年3月以来的最低水平，反映出经济复苏脆弱，对美国潜在关税的担忧日益加剧。如果在7月8日暂停令到期之前没有达成协议，泰国可能面临美国36%的关税。上个月，财政部将2025年GDP增长预测从3.0%下调至2.1%，称美国贸易措施和全球经济放缓是关键因素。2024年，泰国经济增长了2.5%，但略低于2.6%的官方目标。与此同时，5月份消费者价格同比下降0.57%，标志着连续第二个月出现通货紧缩，进一步低于泰国央行1%至3%的目标区间。

The University of the Thai Chamber of Commerce’s consumer confidence index dropped to 54.2 in May 2025 from 55.4 in the previous month. This marked the fourth consecutive monthly decline and the lowest level since March 2023, reflecting a fragile economic recovery and mounting concerns over potential US tariffs. Thailand could face a 36% tariff from the US if no agreement is reached before the moratorium expires on July 8. Last month, the Ministry of Finance downgraded its 2025 GDP growth forecast to 2.1% from 3.0%, citing US trade measures and a global slowdown as key factors. In 2024, Thailand’s economy grew by 2.5%, but slightly below the official target of 2.6%. Meanwhile, consumer prices decreased by 0.57% year-on-year in May, marking the second straight month of deflation and moving further below the Bank of Thailand’s target range of 1% to 3%.