FX.co ★ Thailand’s Export Growth Cools Sharply in May, Easing from April Surge

Thailand’s export momentum slowed markedly in May 2026, with year-over-year growth in overseas shipments easing to 9.80%, down from a sharp 23.30% expansion recorded in April 2026.

According to data updated on 30 June 2026, both figures represent annual comparisons: April’s 23.30% reflected the change versus April a year earlier, while May’s 9.80% measures performance against May of the previous year. The moderation suggests that, after a strong rebound in April, external demand or base effects—while not detailed in the data—may have contributed to a more modest pace of export growth in May.

The deceleration in May still leaves Thai exports in positive territory on a year-over-year basis, but the step-down from April’s rate points to a less buoyant external sector as the second quarter progresses.