Thailand September Exports Surge 24% on Electronics and US Demand

Thailand's exports surged by 24.0% in September 2026, reaching a total of US$38.4 billion, primarily driven by electronics and strong demand from the United States. Electronics exports alone increased by an impressive 66.3%, marking the 30th consecutive month of growth. This sector's expansion was fueled by the rising investment in electronics and data center industries, as Thailand plays a significant role in the supply chain for AI-related products.

US exports reached a record high of US$10.2 billion, indicating a 50.1% growth and highlighting the resilience of Thailand's relationship with its largest trading partner. Asian markets also contributed significantly, with exports expanding by 21.8%, driven by the growing demand for electronics in the AI supply chain, particularly for data centers in key trading partners such as ASEAN 5, Hong Kong, and China.

Despite the strong performance, Thailand faced risks such as potential US tariffs, US-China tensions, regional conflicts, reduced investment in AI, and financial volatility. The trade deficit widened to US$5.9 billion in September, with imports growing faster at a rate of 50.4%, compared to the previous month's 25.1% increase.