Importing from Thailand

Thailand Import Guide | Trade Finance Global

Importing from Thailand

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.

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 Exports Profile

Exports ($m USD)

213,593

Number of Export Products

4,319

Number of Export Partners

226

Top 5 export partners

Country

Trade

% Partner Share

United States

24,381

11.41

China

23,572

11.04

Japan

20,423

9.56

Hong Kong, China

11,390

5.33

Australia

10,232

4.79

Top 5 Export Products at HS 6 digit level

Export Product

Number

Storage units, whether or not presented with th

5.9%

Monolithic integrated circuits, nes

5.4%

Gold in unwrought forms non-monetary

3.7%

Diesel powered trucks with a GVW not exceeding

3.4%

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

3.2%

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%

Importing from Thailand: What is trade finance?

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 also one of the world’s largest trading economies.

Information

Thailand-Map (1)

Importing from Thailand? Contact our local experts

Thailand-Flag

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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