Exporting to Thailand

Thailand Export Guide | Trade Finance Global

Exporting to Thailand

Thailand is one of the most successful emerging economies in South East Asia, with a population of over 67.5 million. Listed as the 23rd largest country in the world in terms of export volume, Thailand is a hub for exporting electronic products, automobiles (cars and vehicles) and petroleum. Thailand ranks as twenty-ninth most complex on the Economic Complexity Index.

Thailand is particularly well-known for its growing motorcycle and commercial vehicle export industry. A major trading partner in terms of both imports and exports for Thailand is China, which is one of the world’s largest trading economies.

Thailand Country Profile

Official Name (Local Language) The Kingdom of Thailand
Capital Bangkok
Population 68,200,824
Currency Thai Baht
GDP $406.8 billion
Languages Thai
Telephone Dial In 66

Thailand Imports Profile

Imports ($m USD)

195,714

Number of Import Products

4,487

Number of Import Partners

232

Top 5 import partners

Country

Trade

% Partner Share

China

42,251

21.59

Japan

30,862

15.77

United States

12,217

6.24

Malaysia

10,953

5.60

Korea, Rep.

7,311

3.74

Top 5 Import Products at HS 6 digit level

Export Product

Number

Petroleum oils and oils obtained from bituminous

7.8%

Monolithic integrated circuits, nes

4.9%

Gold in unwrought forms non-monetary

3.0%

Transmission apparatus, for radioteleph incorpo

3.0%

Petroleum oils, etc, (excl. crude); preparation

2.1%

Chart Showing GDP Growth Compared to rest of world

GDP Composition for Thailand

Agriculture

%

Product List

8.9%

Rice, cassava (manioc, tapioca), rubber, corn, sugarcane, coconuts, palm oil, pineapple, livestock, fish products

Industry

%

Industry List

35.9%

Tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts, agricultural

Services

%

Services List

55.3%

Exporting to Thailand: What is trade finance?

Thailand imports around $202 billion USD worth of goods each year. Thailand’s biggest import partners are China, Japan and the European Union.

Thailand has seen a sharp decline in imports over the recent months, falling around 11% in the last year. This was largely because one of Thailand’s largest imports was crude oil and commodities; and oil prices have dropped significantly in recent years.

Information

Thailand-Map (1)

Exporting to Thailand? Contact our local experts

Thailand Economic Statistics

Government Website

https://www.thaigov.go.th

Sovereign Ratings

https://countryeconomy.com/ratings/thailand

Central Bank

Bank of Thailand

Currency USD Exchange Rate

35.4

Unemployment Rate

0.9%

Population below poverty line

7.2%

Inflation Rate

0.2%

Prime Lending Rate

1.5%

GDP

$406.8 billion

GDP Pro Capita (PPP)

$16,800

Currency Name

Thai Baht

Currency Code

THB

World Bank Classification

Upper Middle Income

Competitive Industrial Performance

34/138

Corruption Perceptions Index

96/180

Ease of Doing Business

27/190

Enabling Trade Index

63/136

Currency in Thailand

About the Author

Brian Canup is the Editorial & Research Assistant at Trade Finance Global (TFG).

Brian holds a BA in Political Science from the University of Wisconsin-Madison and an MA in International Political Economy from King’s College London.

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