FX.co ★ Thailand Trade Gap Largest in 5 Months

Thailand’s trade balance shifted to a deficit of USD 3.34 billion in March 2026, compared with a surplus of USD 1.0 billion in the same month a year earlier, marking the sixth consecutive monthly shortfall. It was also the largest trade deficit since October, as import growth continued to outpace that of exports. Imports surged 35.7% year-on-year, up from a 31.8% increase in February and representing the fastest expansion since August 2021. By contrast, exports grew 18.7% year-on-year, a sharp acceleration from the 9.9% increase recorded in February.