Thai Exports Surge 24.3% in August, Highest in 56 Months, Full-Year Growth Seen at 15%

HoonSmart··THUS·Read original
3▲5 ▼0Impact / 5
Summary · why it matters

The Ministry of Commerce reported that Thailand's exports in August 2026 were worth 34.618 billion dollars, expanding 24.3% year-on-year, the highest growth in 56 months since December 2021. Imports were worth 37.101 billion dollars, expanding 25.1%, resulting in a trade deficit of 2.482 billion dollars for August. The main supporting factors came from electronics and technology products, continued expansion of exports to the United States, and the recovery of fruit exports along with potential agricultural and food products such as pet food. For the first eight months of this year, total exports were worth 266.149 billion dollars, expanding 18.9%, while total imports were 303.986 billion dollars, expanding 36.1%, leaving a trade deficit of 37.837 billion dollars. The Trade Policy and Strategy Office still forecasts 2026 exports at 5% to 11%, with a midpoint of 8%, and will review the target again in November. But given the eight-month growth rate of 18.9%, full-year 2026 exports are estimated to expand by as much as 15%, representing a record high of 391.2674 billion dollars, which would require average monthly exports of 31 billion dollars over the remaining four months. Krungsri Securities said Thailand's August export figures were close to market expectations, but high imports still pushed Thailand to a trade deficit of 2.48 billion dollars. Notable expanding export categories included electronic components, rubber, shrimp, chicken, and pet food. It holds a positive view on DELTA, HANA, GFPT, ITC, and AAI, recommending trading with a focus on DELTA. Phillip Securities sees positive sentiment for export stocks in categories that grew well in August, as well as stocks in the industrial estate and utilities groups.

Impact on assets 5

Consumer Staples▲ · 3 stocks
GFPT Public Company Limited
GFPT
▲ PositiveDemandrelevance

Krungsri holds a positive view on GFPT, with chicken exports among the notable expanding categories in August.

i-Tail Corp. PCL
ITC
▲ PositiveDemandrelevance

i-Tail (pet food) benefits as pet food was cited among the expanding export categories driving August growth.

Electrification & Mobility▲ · 1 stocks
Semiconductors▲ · 1 stocks
© 2026 MarketIVNews