Thailand’s exports increased by 10.6% year-on-year in May, a notable slowdown from April’s robust 23.1% growth, according to Commerzbank. The May figure also fell short of market expectations, reflecting mixed sector performance.
Commerzbank highlighted that while electronics shipments remained resilient, weak agricultural exports weighed on overall growth. The Thailand government projects export growth to moderate further to 8% in 2026 as the effects of previous front-loading ease.
For Japanese investors, these developments in Thailand’s trade balance may influence regional currency movements, including the Thai Baht, and impact supply chains linked to electronics and agricultural commodities.