M31 NEWS

Thailand trade and customs

Customs rules, tariffs and logistics changes affecting trade with Thailand.

Construction Material Price Index Rises 6.8% Year-on-Year in September 2026 Amid Global Energy Tensions

The Office of Trade Policy and Strategy (OTOP) reported that the construction material price index for September 2026 stood at 113.7, representing a year-on-year increase of 6.8% compared to September 2025. This rise was driven by higher prices across nearly all categories,…

Thailand Showcases BCG Model at Global FARM Forum 2026 to Promote Sustainable Agriculture

The Department of Agricultural Extension presented Thailand's Bio-Circular-Green Economy model at the 2026 Global Biennial FARM Forum in Bangkok. Officials highlighted a strategic plan to phase out highly hazardous pesticides (HHPs) while accelerating research into bio-products…

IMF Forecasts Thailand's GDP Growth at 2.1% for 2026-2027, Lowest in ASEAN-5; Private Sector Urges AI Investment and Structural Reforms

The International Monetary Fund (IMF) projects that Thailand's economy will expand by only 2.1% in 2026 and 2027, marking the lowest growth rate among ASEAN-5 nations. While the Bank of Thailand estimates a slightly higher figure of 2.3% for the current year driven by exports…

China's Supplement Market Projected to Reach 484 Billion Yuan by 2030 Amid Shift Toward Health Safety and Value

According to iiMedia data, China's dietary supplement market was valued at 377.5 billion yuan in 2025 and is expected to grow to 484 billion yuan by 2030. Consumer priorities have shifted toward products that address specific health needs, meet safety standards, and offer value.…

Thailand Expands FTA Access to Boost SME Exports Amid Economic Reform Strategy

The Ministry of Commerce in Thailand is accelerating efforts to add value and reform the economy through Free Trade Agreements (FTAs) to create business opportunities. Dr. Kiridha Phapichit, Deputy Minister of Commerce, highlighted a new strategy called 'BCD'—Balance, Co-create,…

Thailand's Export Council Forecasts Double-Digit Growth for 2027 to Support Economy

The Thailand Shipping Association (SRT) predicts that Thai exports in 2027 will grow at a double-digit rate, bolstered by an 18.9% increase in the first eight months of the year. President Thanakorn Kasetsuwan expects full-year export growth to be adjusted to 14-16%, driven…

Thai Road Freight Service Cost Index Rises in Q3 2025 Amid Global Energy Volatility

The Office of Trade Policy and Strategy reports that the road freight service cost index for Thailand rose by 11.1% year-on-year in the third quarter of 2025, driven primarily by escalating diesel prices linked to ongoing geopolitical tensions in the Middle East. Agricultural…

Timor-Leste Prime Minister Visits Thailand to Boost Trade and Food Security Cooperation

On October 9, 2026, at the Government House in Bangkok, Deputy Prime Minister and Commerce Minister Supachai Jaidan received Timor-Leste's Prime Minister Gai Rala Chanana Kusmau during his official state visit scheduled for October 9-10, 2026. The meeting was attended by Prime…

Thailand Advances IP-Backed Finance Ecosystem at IMF-World Bank Roundtable

On October 13, 2026, Dr. Kiridha Phapichit, Deputy Minister of Commerce, attended a High-Level Roundtable on leveraging intellectual property (IP) and intangible assets to support innovation, investment, and business growth. The event was organized by the European Union…

Commerce Minister Calls for Increased Budget to Support Cost of Living, SMEs, and Export Strategy Amid Flood Recovery

On October 14, 2026, Deputy Minister Poonpong Nainapakorn emphasized the need to manage living costs, agricultural supply chains, and trade fairness following a meeting with global commercial attaches. The ministry plans to integrate flood relief efforts with the 'Thailand Helps…

IMF Warns ASEAN of Energy Risks; Trump Eyes Greenland Resources

The International Monetary Fund has cautioned that Southeast Asian nations face significant risks from energy crises, shifting global trade patterns, and commodity volatility, with Thailand and the Philippines highlighted as key importers. Meanwhile, US President Donald Trump is…

Global Drama Market Growth Boosts Thai Content Exports via BL/GL Genres

The global drama and series industry is expanding rapidly despite intense competition from streaming platforms. Valued at approximately $182.5 billion in 2024, the market is projected to reach around $315 billion by 2075 with an average annual growth rate of 7.1%. Thai content,…

Thailand Trade Office Assesses Flood Impact on Industrial Supply Chains and Export Potential

The Thailand Trade Office monitors flood impacts on industry, noting that if conditions improve quickly, some production sectors may resume output to compensate for delays. The assessment covers the entire supply chain, including labor, raw materials, logistics, and delivery.…

IMF Warns Thailand's AI Export Gains Are Uneven Amid Global Economic Shifts

Thailand is seeing a boost in technology-linked exports driven by the global surge in artificial intelligence investment. However, the IMF cautions that these benefits are not spreading evenly across the domestic economy due to skills shortages and limited financing for smaller…

Vietnam Shifts to Productivity-Driven Growth Amid Diminishing Returns

Vietnam's economy has relied on exports and foreign direct investment to achieve upper-middle income status, but this model now faces headwinds including slower labor expansion and capital diminishing returns. Analysts estimate solid medium-term potential remains if productivity…

Thai Producer Price Index Rises 10.5% in September 2026 Amid High Energy Costs

The Office of Trade Policy and Strategy reported that Thailand's producer price index expanded by 10.5% year-on-year in September 2026, reaching an index value of 116.8. This increase was driven primarily by high global energy prices, a tight supply situation, and the weakening…

Thai Consumer Confidence Drops to 48.9 in September Despite Export Growth

The Office of Trade Policy and Strategy released survey results showing Thailand's overall consumer confidence index fell to 48.9 in September 2026, down from 49.5 the previous month. While government measures like 'Thailand Helps Thailand Plus' and continued export expansion,…

Thai Household Monthly Spending Rises to 21,217 Baht in First Nine Months of 2026 Amid Energy Costs

The Office of Trade Policy and Strategy reports that average Thai household monthly expenses reached 21,217 baht during the first nine months of 2026, an increase from 20,891 baht in the same period last year. This rise is primarily driven by higher costs for vehicles,…

Global Energy Price Surge Threatens Thai Export Competitiveness Amid Geopolitical Tensions

The Office of Trade Policy and Strategy warns that geopolitical conflicts in the Middle East have driven global energy prices higher, creating a chain reaction that increases import costs, production expenses, and living costs for Thailand. Brent crude oil averaged $88.70 per…

Thailand's Economy Shows Mixed Signals: Growth Trajectory Amid Tourism Decline and Fuel Fund Deficit

Prime Minister Anutin Charnvirakul expressed confidence in Thailand's third-quarter economic growth, citing rising exports and favorable credit ratings. However, tourism arrivals dropped 3.88% to 23,452,895 from January to October, while headline inflation rose 2.53% in August…