Bangkok: The Trade Policy and Strategy Office (TPSO) is optimistic that Thai exports will maintain their growth trajectory in the second half of the year, despite potential challenges from geopolitical tensions and US tariffs. According to Thai News Agency, the National Economic and Social Development Council (NESDC) predicts that Thai exports will continue to expand, bolstered by global demand for electronics and Thailand's integral role in the global supply chain. Nonetheless, uncertainties from geopolitical factors and US tariffs that could affect the global trade environment require ongoing vigilance.
Mr. Nantapong Chiraleartpong, Director of the Trade Policy and Strategy Office (TPSO), expressed confidence in the momentum of Thai exports, specifically in the electronics sector, despite looming risks. He emphasized Thailand's position within the US supply chain and highlighted ongoing US investments in the country, suggesting that the impact on Thai exports may be limited. Mr. Nantapong noted that the United States still depends on imports from overseas supply chains due to domestic production limitations, which could sustain the growth of Thailand's electronics exports if global demand remains robust.
Thailand's exports in June 2026 reached US$34,655.9 million, marking a 20.8% increase compared to the same period last year and the 24th consecutive month of growth. Excluding oil-related products, gold, and strategic assets, exports grew by 23.1%. In the first six months of the year, total exports amounted to US$196,741.8 million, reflecting a 17.6% increase.
The United States emerged as the most significant export market, with a 44.3% increase for the 33rd consecutive month. ASEAN exports grew by 40.5%, Japan by 22.7%, the European Union by 22.3%, and China rebounded with a 4.9% growth after a previous contraction.
Industrial products, particularly computers and components, circuit boards, electrical appliances, transformers, batteries and components, and chemicals, remained key drivers of export growth. Although agricultural and agro-industrial products contracted by 6.5%, sectors such as rubber, canned and processed seafood, pet food, and processed fruits demonstrated positive growth.
Mr. Nantapong credited the high global demand for electronic products and the expansion of the Global Manufacturing Purchasing Managers' Index (PMI) for 11 consecutive months as factors supporting exports. He also noted businesses' efforts to accelerate product deliveries amidst uncertainties in US trade policy.
The Trade Policy and Strategy Office (TPSO) plans to closely monitor US trade policy and geopolitical developments while advancing Free Trade Agreement (FTA) negotiations between Thailand and the European Union, as well as ASEAN and Canada. The TPSO will also work with relevant agencies to address trade barriers and prevent fraudulent export claims, aiming to maintain competitiveness and drive Thai export momentum in the latter half of the year.