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Thailand's April trade deficit widened to a record US$10.0bn, far above the consensus of US$5.3bn, marking the seventh consecutive monthly deficit. USD/THB slipped to 32.55 despite portfolio inflows, and the baht is down 3.2% year-to-date.
Authorities warned the baht could stay under pressure if strong imports persist.
A weaker baht and record deficit reflect higher oil import costs, which matter for feed-buyer costs in Thailand but have no direct grain or feed supply effect.
fxstreet.comFXStreet Insights TeamMay 28, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
