Thailand Trade Trends March 2026
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According to data released by Thailand’s Ministry of Commerce, the country's total international trade expanded by 27 per cent year-on-year to USD 73.7 billion in March 2026. This performance marks the 21st consecutive month of export expansion.
During the month of March 2026, exports climbed 18.7 per cent year-on-year to USD 35.2 billion, while imports picked up 35.7 per cent to USD 38.5 billion, yielding a trade deficit of USD 3.3 billion.
Considering the first three months of 2026, Thailand's total trade showed an expansion of 24.9 per cent year-on-year to USD 201.8 billion. During this period, exports rose by 17.6 per cent and imports increased by 32.4 per cent, resulting in a cumulative trade deficit of USD 9.5 billion.
Key drivers of growth continued to be electronics shipments, bolstered by rising global demand for AI technology and data centers. The country’s overall industrial product exports increased by 21.4 per cent during March 2026. The strongest expansion was registered in the export of telephones and components (166.6 per cent), gems and jewelry (86.4 per cent), and computers and equipment (34.2 per cent). Agricultural and agro-industrial exports expanded by 1.1 per cent, marking their first growth in three months, with high-potential products like fresh mangosteen (491.1 per cent) and fresh durian (14.5 per cent) showing robust gains.
Exports to primary trade destinations continued to show solid expansion, including the United States (41.9 per cent), ASEAN (25 per cent), and the European Union (21.9 per cent), while exports to China declined by 1.1 percent.
In its latest outlook, the International Monetary Fund estimated Thailand’s GDP growth rate to be 1.6 per cent in 2026.
The Association of Southeast Asian Nations (ASEAN), a political and economic union of ten member states, has a population of 667 million and a territory of 4.5 million km². It is currently the third-largest economy in Asia-Pacific and the fifth-largest globally. The ASEAN Economic Community (AEC) has a combined GDP of USD 4.2 trillion, according to estimates for 2025.