Thailand Export Growth Hits 7-Month High

Thailand’s exports surged 24.3% yoy to USD 34.6 billion in August 2026, up from 21.6% in July, marking the fastest increase since January but slightly below the 24.9% forecast. Export growth was mainly driven by a rise in sales of industrial products, which grew 27.1%, marking the 29th consecutive month of growth, mainly boosted by computers and related equipment (42.1%), telephones and components (151.2%), and circuit boards (19.2%). Meanwhile, shipments of agricultural products rose 4.2%, marking the second straight month of expansion. Shipments to the US, Thailand’s largest export market, soared 48.7% year-on-year, while those to China and Japan increased 15.5% and 19.6%, respectively. For the January-August period, exports climbed 18.9% from the same period in 2025, reaching USD 266.2 billion. In July, the Commerce Ministry maintained its forecast for export growth of 8% this year, supported by easing global tensions and strong tech demand.

Thailand’s exports increased 21.6% yoy to a four-month high of USD 34.8 billion in July 2026, accelerating slightly from a 20.8% increase in June, surpassing forecasts of 17.8% and marking the fastest increase in three months. Export growth was mainly driven by a rise in sales of industrial products, which grew 24.2%, mainly boosted by computers and related equipment (63.2%), telephones and components (160.3%), and circuit boards (35.2%). Also, shipments of agricultural products climbed 0.6%, marking the first expansion in three months. Shipments to the US, Thailand’s largest export market, surged 45.3% year-on-year, while those to China and Japan rose 15.2% and 21.3%, respectively. For the first seven months of the year, exports advanced 18.2% from the same period in 2025, reaching USD 231.5 billion. Last month, the Commerce Ministry maintained its forecast for export growth of 8% this year, supported by easing global tensions and strong tech demand.

Thailand’s exports grew 20.8% yoy to a three-month high of USD 34.7 billion in June 2026, accelerating sharply from a 10.6% increase in May, which was the softest growth in four months, and surpassing forecasts of 15.2%. Export growth was mainly driven by a rise in sales of industrial products, which grew 25.1%, mainly supported by computers and related equipment (57.4%), telephones and components (186.1%), and automobiles and parts (8.0%). In contrast, shipments of agricultural products fell 10.8%, contracting for the second consecutive month. Shipments to the US, Thailand’s largest export market, jumped 44.3% year-on-year, while those to Japan rose 22.7% and those to China increased 4.9%. For the first half of the year, exports increased 17.6% from the same period in 2025, reaching USD 196.7 billion. The Commerce Ministry maintains its forecast for export growth of 8% this year, supported by easing global tensions and strong tech demand.