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.
|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|
% Partner Share
Petroleum oils and oils obtained from bituminous
Monolithic integrated circuits, nes
Gold in unwrought forms non-monetary
Transmission apparatus, for radioteleph incorpo
Petroleum oils, etc, (excl. crude); preparation
Rice, cassava (manioc, tapioca), rubber, corn, sugarcane, coconuts, palm oil, pineapple, livestock, fish products
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
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.
Exporting to Thailand? Contact our local experts
Thailand Economic Statistics
Bank of Thailand
Upper Middle Income
Currency in Thailand