Imports were valued at US$38,496.6 million, up 35.7%, resulting in a trade deficit of US$3,339.5 million.
Overall, in the first three months of 2026, exports were valued at US$96,169.9 million, up 17.6% from the same period of the previous year.
Imports were valued at US$105,646.4 million, up 32.4%, resulting in a trade deficit of US$9,476.6 million.
On the Middle East issue, the impact on exports began to be seen in March.
Thailand’s major export market in the region is the UAE, which has already declined.
The market remains difficult to predict because of its high volatility.
TPSO has set out three scenarios for Thai exports in 2026.
In the best-case scenario, exports would expand by 8%, with a value of US$366,806 million, assuming current problems ease in the second quarter, electronics continue to grow and remain a real supply-chain driver supporting Thai exports, and global demand remains in place.
In the second scenario, exports would expand by 3%, with a value of US$349,824 million, assuming the conflict does not significantly affect shipping routes and the global economic slowdown and inflation are not severe and remain manageable.
