Commerce Minister Pichai Naripthaphan projects exports at 12 trillion baht for 2025 after a 6 trillion baht first half, with tourism revenue seen holding at 1.85 trillion baht.
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Thailand's Commerce Ministry expects exports to grow at a double-digit rate this year, potentially reaching 12 trillion baht if no unexpected shocks hit, according to Minister Pichai Naripthaphan.
The projection follows a second-quarter GDP that grew despite an export and investment slowdown, the minister said. Exports were already valued at 6 trillion baht in the first half of the year.
Last year the country generated 1.85 trillion baht in revenue from foreign tourists, and the ministry expects that figure to hold steady or rise this year despite fears of a slowdown in foreign arrivals. Pichai said she wants to emphasize tourism revenue as a target rather than the number of arrivals.
The government is pushing to promote lesser-known attractions to help distribute tourists more widely, Pichai said. The government should also promote tourism in secondary cities, he said, adding that discussions with the Transport Ministry are planned to reduce travel costs and encourage tourism in those destinations.
New sandbox spaces for tourism should be developed to offer visitors new attractions, with an example being the opening of historical sites for nighttime tourism and organizing events at night, the minister said.
On the agricultural side, the government wants to develop cold-chain infrastructure and improve marketing to increase the value and efficiency of the sector. Adviser to the Commerce Minister Kobkool Pootrakool outlined key initiatives for the agricultural sector, including improving farming methods and crop varieties, encouraging food processing through partnerships with leading processing companies.
One objective is to streamline the licensing process for individual enterprises, reducing the need for multiple permits. For small and medium-sized enterprises (SMEs), a working group aims to make it easier for businesses to grow. Training programs should also be offered to support SME development, Pootrakool said.
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