Thailand logged its 11th consecutive monthly trade deficit in August 2026, with imports growing 25.1% and outpacing export growth of 19.5%. Electronics remain a bright spot, supported by global AI-driven digital investment and US tax exemptions covering 60% of Thai exports to America; however, rising geopolitical tensions, higher shipping costs, and front-loading dynamics pose ongoing risks. The Commerce Ministry now expects full-year 2026 exports to reach up to 15%, but predicts 2027 growth could turn negative due to high base effects and softer global demand.