Thailand experienced a significant surge in exports in July, increasing 21.6% year-on-year to $34.79 billion. This growth was largely fueled by a strong performance in the electronics sector, which contributed over 60% of the overall increase. However, imports grew at a faster rate of 36.7%, reaching $38.40 billion. Consequently, Thailand recorded a substantial monthly trade deficit of $3.61 billion—a new record. Data comes from the Ministry of Commerce and Kasikorn Research Center. The surge in imports outpaced export gains, creating the imbalance. Further details regarding the first seven months of 2026 are expected to shed more light on this trend.