Thai July exports grow 21.6%, beating forecasts; brokers highlight top stocks

HoonSmart··TH·Read original
3▲12 ▼0Impact / 5
Summary · why it matters

The Ministry of Commerce reported that Thailand's export value in July 2026 stood at 34.8 billion US dollars, expanding 21.6% year-on-year, higher than the market's expectation of 17.8%. Meanwhile, imports for the same month were 38.4 billion US dollars, up 37.8%, lower than expected, resulting in a trade deficit of 3.61 billion US dollars, less than forecast. Products with good growth include rubber, processed chicken, pet food, processed canned seafood, and electronic goods. Stocks in these sectors, such as STA, GFPT, ITC, TU, DELTA, HANA, and KCE, benefit accordingly. In the first seven months of the year, exports totaled 232 billion US dollars, up 18.2%, while imports were 267 billion US dollars, up 37.8%, with a trade deficit of 35.4 billion US dollars. The Ministry of Commerce sees support from global demand for technology products and digital infrastructure, as well as accelerated imports to prepare for US trade policies. Meanwhile, brokers like Krungsri Securities and Phillip Securities view positively on export-related stocks and recommend top picks such as DELTA, HANA, KCE, AMATA, GULF, GPSC, KBANK, and KTB.

Impact on assets 12

Consumer Staples▲ · 3 stocks
i-Tail Corp. PCL
ITC
▲ PositiveDemandrelevance

Pet food exports grew well, directly benefiting i-Tail Corp which specializes in pet food.

Thai Union Group PCL
TU
▲ PositiveDemandrelevance

Thai July exports of processed canned seafood and pet food grew, benefiting TU's product lines.

Semiconductors▲ · 2 stocks
Financials▲ · 2 stocks
Energy Transition & Power Demand▲ · 2 stocks
Electrification & Mobility▲ · 1 stocks
Synthetic Biology (non-pharma)▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks