Thailand Commerce Ministry: Double-Digit Export Growth for 2026
Thailand's Commerce Ministry forecasts double-digit export growth for 2026, aiming for 12 trillion baht, despite an "unsatisfactory" second-quarter GDP.
Export Targets and GDP Context
Thailand's Commerce Ministry projects double-digit export growth for 2026. The Ministry forecasts total export value could reach 12 trillion baht (approximately US$327 billion) this year. This projection assumes no unexpected challenges emerge. Exports recorded 6 trillion baht in the year's first half. Commerce Minister Suphajee noted that exports and investment expanded.
This growth occurred despite an "unsatisfactory" second-quarter gross domestic product (GDP) performance. The Ministry maintains optimism for the full year.
Tourism and Agriculture Initiatives
The government aims to boost tourism revenue, prioritising spending over visitor numbers. Last year, foreign tourism generated 1.85 trillion baht. This year, revenue reached 870 billion baht from foreign tourists in the first half. Weerawoot Kosaree, a Commerce Minister advisor, suggested creating new "sandbox" tourism areas.
These include opening historical sites for night-time tourism and organising evening events. Mr Kosaree urged promoting tourism in secondary cities to distribute travellers. Discussions with the Transport Ministry will encourage tourism and reduce travel costs there. Kobsak Pootrakool, another Ministry advisor, outlined agricultural sector initiatives.
These include enhancing production methods, improving crop varieties, and boosting agricultural technology. Encouraging food processing partnerships is also a key focus. The government wants to increase the sector's efficiency and value. This involves improving marketing and developing cold-chain infrastructure.
A working group focuses on supporting small and medium-sized enterprises (SMEs). One objective is streamlining the licensing process for individual businesses. This reduces the need for multiple permits. Training programmes should also be offered to support SME development, Mr Kobsak added. Thailand's export projections offer a bright spot amid concerns over Q2 GDP.
However, achieving 12 trillion baht in exports and boosting tourism revenue depends on these specific government initiatives. Businesses in logistics, food processing, and hospitality sectors should monitor the implementation and impact of these programmes. Success here could alleviate pressure from domestic demand softness.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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