Export-Import Prices Rise in March: Energy, Electronics Drive Inflation

Khaosod•Economy•21d ago

Reader Briefing

Thailand's export and import price indices surged in March 2026, driven by rising energy costs and strong demand for electronics, despite global economic uncertainties.

•Thailand's export and import price indices rose in March 2026 compared to the same month last year.
•Increased energy costs due to Middle East conflicts and robust demand for electronics and AI-related products were primary drivers.
•While overall prices increased, future growth faces risks from global economic instability, geopolitical conflicts, and trade policies.

Overview

•In March 2026, the export price index was 114.4, a 3.1% increase compared to the previous year.
•The export price index saw a significant rise in the mineral and fuel category, expanding by 26.8% in the past 41 months, primarily due to crude oil price hikes.
•The import price index reached 126.0 in March 2026, accelerating by 10.2% year-on-year and marking a 42-month high due to global energy costs.
•The increase in import prices for the fuel category was 27.3%, spurred by geopolitical crises in the Middle East and the disruption of global energy supply chains.
•Consumer goods import prices rose by 6.1%, capital goods by 4.1%, and vehicles and transport equipment by 1.8%.
•For April 2026, export and import price indices are projected to continue expanding, supported by food security concerns and advanced technology demand.
•Potential risks for future price growth include prolonged geopolitical conflicts, intense price competition, and trade policy uncertainties.
•Climate change and a potential decline in domestic purchasing power are also identified as significant risks to Thailand's economy.

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Key Entities

Organization

Office of Trade Policy and Strategy (SCB)(สนค.)

The organization that released the report on Thailand's export and import price indices.

Ministry of Commerce(กระทรวงพาณิชย์)

The ministry overseeing the Office of Trade Policy and Strategy (SCB) in Thailand.

Person

Nantapong Jiraleartpong(นายนันทพงษ์ จิระเลิศพงษ์)

Director of the Office of Trade Policy and Strategy (SCB) who announced the findings.