Thailand's July exports reached $34.8 billion, expanding 21.6% year-over-year for the 25th consecutive month, driven by electronics and advanced technology products. Key highlights: US market surged 45.3%, rice exports rebounded for the first time in 21 months (+5.3%), and industrial goods grew 24.2% with telecommunications equipment jumping 160.3%. However, imports rose faster (36.7%), creating a $3.6 billion trade deficit. Key risks ahead include Strait of Hormuz tensions affecting energy costs and potential US tariff measures.