Thailand's Economy Navigates EU Protests with Strong Export Growth and New SME Payment Rules

Key summary

Despite ongoing civil unrest in six European countries that could disrupt transport and trade, Thailand recorded a 17.13% year-on-year increase in exports to the EU from January to August 2026, totaling $34,692.72 million. Deputy Prime Minister Suphajee Suthumpun has instructed trade officials to monitor these risks and advised exporters to diversify destinations and adjust logistics. Meanwhile, Prime Minister Anutin Charnvirakul projects GDP growth will exceed the 2.1% forecast, citing robust export performance and foreign investment. The government also introduced new Trade Credit Term guidelines effective November 2, 2026, mandating payment caps of 30 days for agricultural products and 45 days for general trade to support SMEs. Additionally, Finance Minister Ekniti Nitithanprapas proposed higher dividends from PTT Plc and tax cuts on E20 and E85 gasohol to boost fiscal discipline and domestic agriculture.