Thailand Export Growth Slows to 3-Month Low

2026-06-25 03:39 By Chusnul Chotimah 1 min. read

Thailand’s exports grew 10.6% yoy to USD 34.33 billion in May 2026, easing sharply from a 23.1% surge in April, which marked the strongest growth in three months, and falling short of forecasts of 11.6%.

It was the softest increase in exports since February, with shipments to China declining.

Sales of industrial products increased 14.4%, mainly driven by computers and related equipment (26.8%) and telephones and components (129.9%), while automobiles and parts declined 15.2%.

In contrast, shipments of agricultural products dropped 3.1%, mainly weighed down by rubber (-5.3%), wheat products (-18.4%), and sugar (-33.2%).

Shipments to the US, Thailand’s largest market, soared 33.5% yoy, while those to Japan rose 11.7% and those to China fell 2.5%.

For the first five months of the year, exports grew 17.0% from the same period in 2025, reaching USD 162.1 billion.

The commerce ministry expects exports to post full-year growth of 8%, supported by easing global tensions and strong tech demand.



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Thailand Export Growth Slows to 3-Month Low
Thailand’s exports grew 10.6% yoy to USD 34.33 billion in May 2026, easing sharply from a 23.1% surge in April, which marked the strongest growth in three months, and falling short of forecasts of 11.6%. It was the softest increase in exports since February, with shipments to China declining. Sales of industrial products increased 14.4%, mainly driven by computers and related equipment (26.8%) and telephones and components (129.9%), while automobiles and parts declined 15.2%. In contrast, shipments of agricultural products dropped 3.1%, mainly weighed down by rubber (-5.3%), wheat products (-18.4%), and sugar (-33.2%). Shipments to the US, Thailand’s largest market, soared 33.5% yoy, while those to Japan rose 11.7% and those to China fell 2.5%. For the first five months of the year, exports grew 17.0% from the same period in 2025, reaching USD 162.1 billion. The commerce ministry expects exports to post full-year growth of 8%, supported by easing global tensions and strong tech demand.
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