泰国10年期国债 (Thailand10Y) 加自选

2025年9月，对泰国的进口同比增长17.1%，高于前一个月的15.8%，超过了市场普遍预期的10.6%。这是购买量连续第16个月增长，也是自5月以来的最快增速，这得益于曼谷采取紧急措施应对消费疲软、家庭债务高企和美国关税压力后国内需求的强劲增长。运输设备（31.8%）、资本货物（23.7%）、原材料、半成品（18.9%）、消费品（16.6%）和其他（15.1%）的采购增长，但燃料（-0.8%）的采购下降。按商品分类，电路板（106.5%）、电机及零部件（61.0%）、家用电器（20.9%）、机械（15.7%）、钢铁（11.8%）、其他金属矿石、废金属（10.3%）、原油（2.0%）和化学品（1.4%）的进口均有所增长。相比之下，珠宝（-24.8%）和电脑及零部件（-2.5%）的到货量有所下降。今年前九个月，进口额增长11.9%，达到2545.8亿美元。

Imports to Thailand surged 17.1% yoy in September 2025, accelerating from a 15.8% rise in the prior month and topping market consensus of 10.6%. It was the 16th straight month of growth in purchases and the steepest pace since May, boosted by stronger domestic demand following Bangkok’s urgent measures to tackle subdued consumption, high household debt, and pressure from U.S. tariffs. Purchases grew for transport equipment 31.8%), capital goods (23.7%), raw materials, semi-finished products (18.9%), consumer goods (16.6%), and others (15.1%), but fell for fuels (-0.8%). By commodity, imports increased for circuit boards (106.5%), electrical machinery & components (61.0%), home appliances (20.9%), machinery (15.7%), iron and steel (11.8%), other metal ores, scrap metal (10.3%), crude oil (2.0%), and chemicals (1.4%). In contrast, arrivals shrank for jewelry (-24.8%), and computers and components (-2.5%). For the first nine months of the year, imports rose 11.9% to USD 254.58 billion.

2025年9月，泰国出口同比增长19%，达到309.7亿美元的四个月高点，标志着自2022年3月以来的最快增长速度。这一数字较8月份的5.8%大幅上升，远远超出了市场9%的预期。强劲的出货量在很大程度上推动了对美国的加速增长，美国同比增长35.3%，而8月份为12.8%。按商品分类，农产工业产品出口增长4.1%，这得益于小麦产品和其他加工食品（11.1%）和精制糖（42.8%）的强劲销售。工业产品出口增长26.4%，主要原因是计算机、设备和零部件（57.9%）以及电话和零部件（64.9%）的销售额增加。相比之下，农产品出口下降了18.2%，其中新鲜和冷藏水果（-55.5%）和大米（-31.4%）大幅下降。对中国（3.2%）、东盟国家（20.4%）、日本（6.2%）和欧盟（11.6%）等主要市场的出口也有所增加。今年迄今为止，出货量增长13.9%，达到2541.5亿美元。

Thailand’s exports surged 19% yoy to a four-month high of USD 30.97 billion in September 2025, marking the fastest pace of growth since March 2022. The figure was up sharply from a 5.8% increase in August and far exceeded market expectations of a 9% rise. Stronger shipments largely drove the acceleration to the US, which jumped 35.3% yoy, compared with 12.8% in August. By commodity, agro-industrial product exports grew 4.1%, supported by robust sales of wheat products and other processed foods (11.1%) and refined sugar (42.8%). Industrial product exports climbed 26.4%, mainly due to higher sales of computers, equipment & components (57.9%) and telephones and parts (64.9%). By contrast, agricultural product exports fell 18.2%, led by sharp declines in fresh and chilled fruit (-55.5%) and rice (-31.4%). Exports also increased to key markets such as China (3.2%), ASEAN countries (20.4%), Japan (6.2%), and the EU (11.6%). Year-to-date, shipments rose 13.9% to USD 254.15 billion.

2025年9月，泰国的贸易顺差从去年同期的3.9亿美元扩大到12.8亿美元，超过了3.5亿美元的预期，因为出口增长超过了进口。出口同比增长19%，较8月份的5.8%大幅加速，创下2022年3月以来的最快增速，远高于市场9%的增长预期。进口同比增长17.2%，8月份增长15.8%，为5月以来最快增速，超过了10.6%的预期。2025年前九个月，泰国贸易逆差为4.3亿美元，进出口分别增长13.9%和1193%。

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 surpassing expectations of USD 0.35 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. 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. 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 1193%, respectively.

根据泰国工业联合会（FTI）的数据，2025年9月，泰国国内汽车销量同比激增23.82%，达到48350辆，与8月份的5.38%增长相比大幅加速。这标志着连续第六个月的增长，主要是由于电动汽车市场在价格实惠和现代技术的推动下蓬勃发展。相比之下，由于国内经济疲软、生活成本上升以及金融机构实施的更严格的信贷审批程序，皮卡销量下降。2025年前9个月，国内汽车总销量达到477969辆，比去年同期增长2.12%。与此同时，9月份汽车产量同比增长4.77%，达到128104辆，主要得益于电动汽车和改装皮卡车（PPV）的强劲需求。1月至9月，汽车总产量达到1075801辆，比去年同期下降4.63%。

Domestic car sales in Thailand surged by 23.82% year-on-year to 48,350 units in September 2025, a sharp acceleration from the 5.38% increase recorded in August, according to the Federation of Thai Industries (FTI). This marked the sixth consecutive month of growth, driven primarily by the booming electric vehicle market amid affordable pricing and modern technology. In contrast, pickup truck sales declined, weighed down by a sluggish domestic economy, rising living costs, and tighter credit approval processes implemented by financial institutions. For the first nine months of 2025, total domestic car sales reached 477,969 units, 2.12% higher than in the same period last year. Meanwhile, car production rose by 4.77% year-on-year in September to 128,104 units, mainly supported by robust demand for EVs and Modified Pickup Vehicles (PPVs). For the January to September period, total vehicle production reached 1,075,801 units, 4.63% lower than in the corresponding period a year earlier.