# Thailand Economy April Update: Tourism Dips but Exports Rise Amid Conflict

- Link: https://www.thailand-business-news.com/banking/311215-thailand-economy-april-update-tourism-dips-but-exports-rise-amid-conflict
- Published: 2026-06-08T10:31:00+07:00
- Author: Abhishek Prakash

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**In April, Thailand’s economy weakened, with declines in tourism and private consumption
due to the Middle East conflict. However, merchandise exports rose, and inflation
increased from higher energy prices. Key issues to monitor include geopolitical 
developments and government measures.**

---

## Summary

 * The Thai economy in April softened from the previous month, particularly in tourism
   and private consumption.
   o Tourism receipts declined in line with a decrease 
   in the number of foreign tourist arrivals, in large part due to the Middle East
   conflict. Private consumption also declined, driven by lower spending on non‑
   durable goods, including consumer goods and fuel, amid higher energy costs that
   raised the cost of living. Spending on hotel and restaurant services also declined,
   resulting in weaker service sector activity. o However, merchandise exports excluding
   gold increased, supported by continued strong growth in technology products and
   automotive exports, in line with trading partners’ demand. Meanwhile, manufacturing
   production remained broadly stable. Supply disruptions from upstream raw material
   shortages related to the Middle East conflict remain limited.
 * Headline inflation turned positive, driven mainly by higher energy prices, particularly
   domestic gasoline and diesel fuel prices. Core inflation increased from the pass‑
   through of higher energy costs to prepared food and public transport fares.
 * Key issues to monitor: 1) Middle East conflict developments 2) the ability of
   businesses and households to adapt, 3) government economic stimulus measures,
   4) potential changes in U.S. trade policy, and 5) developments in El Niño conditions

![bot eco april2026](https://r2.thailand-business-news.com/wp-content/uploads/2026/
05/bot-eco-april2026.jpg)

**Source** : [https://www.bot.or.th/en/news-and-media/news/news-20260529.html](https://www.bot.or.th/en/news-and-media/news/news-20260529.html?rand=113190)