Thailand: Iran-US-Israel conflict escalates, increasing risk of disruption in Thailand's rubber exports to Iran

Source: Summarized information from nationthailand.com Thailand's exports to Iran, amounting to approximately 113.4 million USD in the first 11 months of 2025, are facing the risk of disruption amid escalating conflicts between Iran, the United States, and Israel, which increases risks related to transportation, insurance, and international payments. In the export product structure, the rubber group, including rubber products and natural rubber, is one of the sectors directly affected if the regional security situation continues to deteriorate. According to data from the Thai Ministry of Commerce, the total bilateral trade turnover between Thailand and Iran in the period from January to November 2025 reached approximately 121.7 million USD, of which exports accounted for 113.4 million USD, imports amounted to about 8.2 million USD, and the trade surplus reached approximately 105.4 million USD. In 2024 alone, the total bilateral turnover reached approximately 208.3 million USD, of ...