Thailand's trade deficit expanded to $37.8 billion in January–August 2026, driven primarily by a $62.7 billion deficit with China, though exports grew 24.3% year-on-year to $34.6 billion. Electronics and semiconductor-related products led both import and export flows. High oil prices, geopolitical conflicts, and tariff uncertainty may pressure future shipments and reduce orders, while AI and infrastructure investment abroad is currently supporting export growth.