U.S. support is geared toward promoting regional security and prosperity; infectiousdiseaseprevention,treatment,and research;combatting emergingpandemic threats;humanitarian assistance for displaced persons; combatting transnational crime, including conservation crimes;support for civil society;and the promotion ofdemocracyandhuman rights. The number of tourists visiting the country each year almost tripled between the early 1960s and the early 21st century, helping to make the service sector more significant than manufacturing as a source of employment. The U.S. government fundsseveralexchange programswhichconnect Thai youth, students, educators, artists, athletes, and rising leaders to their counterparts in the United States and the ASEAN region,engagingthem on strategic priorities ranging from civic engagement to economic sustainability. Thailand-Trade-Trading Partners and Trade Balances 2021-Thailand Trading Partners and Trade Balances 2021 Source: United Nations. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Thailand is also a founding member of ASEAN and served as ASEAN Chair, Thailand and the United States participate in. The. A symbol of excellence and trusted quality that was established to add distinctive value. Results are monitored to ensure smooth transactions between The most important import categories by value are machinery; chemicals and related products; petroleum; iron, steel, and other metals; and raw materials of various types. Import Value. humankind Applying a continental lens, 75.7% of Thailand's total imports by value in 2022 were purchased from fellow Asian countries. -The first trade partner country of Thailand in the. Thailand's imports 2021 by country . Secure .gov websites use HTTPS Thailand was the United States' 24th largest goods export market in 2020. through the use of information or communication technology. Several smaller provincial airports, mostly located at such popular tourist centres as Chiang Mai, Phuket, and Koh Samui, also handle international flights. A .gov website belongs to an official government organization in the United States. Overview. Describes trade agreements this country is a party to. The first documented contact between the United States and Thailand was recorded in 1818. The Thaitrade.com was uplifted from B2B (business to business) B2B2C (business to Economic Policy & Debt: National accounts: Atlas GNI & GNI per capita, Difference between Exports of goods and services (current US$) and Imports of goods and services (current US$), Indicator codes: NE.EXP.GNFS.CD, NE.IMP.GNFS.CD, Difference between Exports of goods and services (% of GDP) and Imports of goods and services (% of GDP), Indicator codes: NE.EXP.GNFS.ZS, NE.IMP.GNFS.ZS. a more comprehensive way, ranging from online payment This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). TheUnited States contributed$17.7 billion of foreign direct investment (FDI) to Thailand in 2019, making it the third-largest foreign investor after Japan ($70 billion) and Singapore ($30 billion). In the fiscal year 2016, the Thaitrade.com has 24,211 Number of countries from which a particular country imports data in any given year. THAILAND at JCK Las Vegas 2023 (DITP's SMEs Pro-active Program) June 02 , 2023 - June 05 , 2023. derived through business matching reached 693.9 million baht. The growth of an industrial export economy has been predicated on the existence of a large labour force that can be paid relatively low wages. Department of International Trade Promotion (Headquarter)563 Nonthaburi Road, Bang Kra Sor, Ampheo Muang, Nonthaburi 11000, ThailandPhone: +66 2507 7999Email: saraban@ditp.go.th, Copyright 2023 Department of International Trade Promotion, About DITPUpcoming EventExporters ListB2B Marketplace by Thaitrade.comTrade OpportunitiesCredibility Check of Thai Trading PartnerDITP Worldwide, Upside-down Thinking of Business Disruption, Reaching Out to Health-Conscious Consumers, DITP Overseas Offices and Honorary Trade Advisors (HTA), Assistance on Trade Dispute and Trade Partners Checking, Credibility Check of Thai Trading Partner, Information and insights on Thai products/services or Thai export industries, Facilitation to visit world-renowned international trade fairs in Thailand. Trade Promotion has never ceases to enhance and improve our online marketplace. It is calculated as the number of countries to which the reporter exports a particular product divided by the number of countries that report importing the product that year. What has been recently discussed in Thailand among many industries and businesses is the world's next largest free-trade bloc. The most important import categories by value are machinery; chemicals and related products; petroleum; iron, steel, and other metals; and raw materials of various types. new members The values shown are midyear estimates. Through the MUSP, the U.S. collaborates with Thailand and other Lower Mekong countries to strengthen transboundary economic connections and address emerging challenges, such as resource management, transnational crime, The nine U.S. law enforcement agencies operating in Thailand with their Thai counterparts reflects the importance we place, Thailand as a partner and regional law enforcement leader. The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. (1,191 of which are new sellers, while 23,020 are new buyers.) The value of business As of 2021, the United States commemorates nearly 190 years of friendly and formalized diplomatic relations with Thailand. Other principal officials are listed in the Departments Key Officers List. Middle East with the highest oil import value of Thailand from the UAE-The trading center and the most important re-export in the Middle East, thus, the great opportunity of Thai products to enter to the Middle East-The rich country with overbalance of trade, including the most effective way for our trade partners from over the world Bangkok remains the centre of all retailing in the country, but many regional cities, such as Khorat and Khon Kaen in the northeast, Chiang Mai in the north, and Hat Yai in the south, have become significant subcentres. These countries -- Brunei Darussalam, Burma, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam -- collectively the United States' fourth-largest goods trading partner and together represent a market with a GDP of more than $3 trillion and a population of 667 million people. offline at trade In order, Thailand's primary trading partners consist of the United States, China, Japan, Hong Kong, Australia, Malaysia, Vietnam, Singapore, and Indonesia, according to the World Bank Group. More information about Thailand is available on theThailand country pageand from other Department of State publications and other sources listed at the end of this fact sheet. Addition, Follow all the action here! U.S. foreign direct investment (FDI) in Thailand (stock) was $17.5 billion in 2020, a 1.0 percent decrease from 2019. offline at trade the aim to answer the need of buyers who might want to try the product before placing a Imports of goods and services represent the value of all goods and other market services received from the rest of the world. Share sensitive information only on official, secure websites. was held. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. (totally, there were 5,661,004 users since the launch until the fiscal year 2016.). Leading services imports from Thailand to the U.S. were in the travel, technical and other services, and financial services sectors. The United States supports Thailands leadership in the Mekong region through the Mekong-U.S. Partnership (MUSP)as a developmentpartnerof the Mekong River Commissionandasa development partner of theAyeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS), a partnership between the five Mekongregioncountries to coordinate infrastructure development. Thailand monthly trade data Please note: The data from various sources are not from the same year. The United Statesand Thailand jointly operate the International Law Enforcement Academy (ILEA) in Bangkok, which since 1998 has provided training to more than22,000criminal justice sector officialsfrom acrossSoutheastAsia on topics such as counter-narcotics, countering trafficking in persons, cybercrime, and wildlife trafficking. Granted by the United Nations: ITU (International Thailand For viewing trade, tariff data for country or region by year click here . new members Trade Promotion has never ceases to enhance and improve our online marketplace. ASEAN is comprised of ten members, including Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Since World War II, the United States and Thailand have significantly expanded diplomatic, security. the aim to answer the need of buyers who might want to try the product before placing a The EU is Thailand's fourth largest trade partner (after China, Japan and the US), accounting for 7.5% of the country's total trade. A lock ( A locked padlock ) or https:// means youve safely connected to the .gov website. The LPI uses standard statistical techniques to aggregate the data into a single indicator that can be used for cross-country comparisons. Government policies aimed at privatizing and opening the sector to greater domestic and international competition accelerated growth in the 1990s. 1) Mirror Exports is considered for export data 2) All Countries except World and EUN are considered as partner group 3) Product 'Total' is used for this computation 4) The indicator is computed at reporter-partner level and aggregated to reporter level. Summary Partner Product Group Country Custom Query Download Thailand Trade Latest trade data available from various sources. Numerous other airports and airfields accommodating domestic flights are scattered throughout the country. Bangkok is the centre of Thailands water, land, and air transport systems. Track top trading partner countries of Thailand, These findings are based on global export import shipment database of Volza, it is the most up-to-date but partial information available on Thailand's export import trade. support and guidance on members business transactions, or Smart Sourcing Service: 3S, By the late 1990s there were more than 1,000 unions gathered together into labour federations. The U.S. Attorney's Office accuses Samuel Bateman and 10 others of causing sexual harm to nine girls at the time the alleged offenses took place. Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade. The U.S. goods trade deficit with Thailand was $26.3 billion in 2020, a 30.8 percent increase ($6.2 billion) over 2019. have reflected a series of DITPs endeavors on online trade development. has expanded the scope of online services in. Travel Information, An official website of the United States Government. business to consumer) The first agreement signed with Thailand was the 1833 Treaty of Amity and Commerce. 10 per cent of this value will be as a direct result from the three America's . Total number of products exported by a country at the Harmonized System six digit level in any given year. 1) AllDoing Business 2018rankings have been recalculated to reflect changes to the methodology and revisions of data due to new information. Through the MUSP, the U.S. collaborates with Thailand and other Lower Mekong countries to strengthen transboundary economic connections and address emerging challenges, such as resource management, transnational crime,transparency and good governance,and human resource development. The activity Thailand is an important trading partner and ally of the United States, dating back to the establishment of diplomatic ties in 1833 through the Treaty of Amity and Commerce. Thailand has fourteen Free Trade Agreements with eighteen countries: the Regional Comprehensive Economic Partnership, which came into force early 2022, is the latest trade pact. Although the Thai constitution guarantees equal rights for men and women, women still receive unequal treatment in the workplace in terms of pay, promotion, and benefits. Since becoming a member of the United Nations in 1946, Thailand has played many active roles in UN-related activities, most notably in peacebuilding and peacekeeping operations. together to strengthen the bilateral trade relationship and discussed a full range of issues, including those related to General System of Preferences reviews, agriculture, customs, intellectual property protection and enforcement, and labor. Export Value. In 2003, the United States designated Thailand amajornon-NATO Ally. USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Comply with U.S. and Foreign Export Regulations. Our partnership with Thailand is bilateral and regional in scope. online commerce results. interest include The United States Mission to Thailand maintains anEmbassy in Bangkok and aConsulate-General in Chiang Mai. Thailand will also host APEC in 2022. Thai importers used yuan for trade settlement valued at 1. . The port of Bangkok, at Khlong Toei, is the largest and busiest in the country, handling nearly all imports and exports. The VAT was supposed to be applied only to the price retailers paid for certain goods and services, but in many cases retailers have also applied it to the price they charge consumers. Venetian Expo in Las Vegas. Information and insights on Thai products/services or Thai export industries. Please note: The data from various sources are not from the same year. TABLE Union participation, however, has remained low. helps Thai entrepreneurs to sell a small quantity of products internationally via online LPI 2016 ranks 160 countries on six dimensions of trade -- including customs performance, infrastructure quality, and timeliness of shipments -- that have increasingly been recognized as important to development. TheInternational Trade Administration,U.S. Department of Commerce, manages this global trade site to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S. industry, and ensuring fair trade and compliance with trade laws and agreements. biodiversity, expand the use of data to inform policy decisions, including air quality, counter wildlife trafficking, and promote access to safe, affordable, reliable, and modern sources of energy. in order to facilitate purchases of small lot orders. Bilateral trade among the two nations has grown at an average of 10.54 percent annually during the past five years. COLOMBO, May 31 (Xinhua) -- Sri Lankan Prime Minister Dinesh Gunawardena held discussions in Bangkok on Wednesday with his Thai counterpart Prayut Chan-o-cha to enhance bilateral relations and strengthen trade, investment and religious ties, said a statement from the office of the Sri Lankan prime minister. 1169 (Thailand U.S. total imports of agricultural products from Thailand totaled $2.8 billion in 2020, our 12th largest supplier of agricultural imports. Other free trade agreements of Thailand that are still under discussion: International Trade Administration Tariffs can be based on the Applied tariffs, which takes into account the bilateral trade preferences, The ad valorem equivalent of NTB were estimated by Kee, Nicita and Olarreaga (EJ, 2009), The OTRI captures the trade policy distortions that each country imposes on its import bundle. The nomination was selected by WSIS Forum, Japan and the United States were Thailand's second and third largest trading partners. Landlocked Laos, adjacent to both Shan State and northern Thailand, is another weak link in the fight against the drug trade, and "intelligence officials have come to the conclusion that supply . However, by the end of the 20th century the increasing number of AIDS cases in Thailand and other factors had caused the trade to decline. Xinhua. The United States was Thailands top export market (15%), followed by China (14%) and Japan (9%). Japan. Though affected by . demand and offer the best attributes among goods of similar category. Oceania (mainly Australia and New Zealand) accounted for 3% of the total. Gems & Jewelry. A .gov website belongs to an official government organization in the United States. designed to provides the award recognizes ideas, works of projects that benefit communities, nations or It measures the uniform tariff equivalent of the country tariff and non-tariff barriers (NTB) that would generate the same level of import value for the country in a given year. Thailand: $32.5 billion (4.3%) Singapore: $22.4 billion (3%) Germany: $19.6 billion (2.6%) Vietnam: $18.6 billion (2.5%) Australia: $16.53 billion (2.2%) Malaysia: $16.48 billion (2.2%) Indonesia: $15 billion (2%) India: $13.9 billion (1.9%) Netherlands: $12.4 billion (1.7%) Philippines: $12.2 billion (1.6%) large order In 2021, China remained Thailand's top trading partner, with bilateral trade volume reaching 103.75 billion dollars, up 30.32 percent year on year. 1) All traded products at HS 6 digits are considered for this computation. 2) The data may not reflect the full numeric precision of the data point, as the numbers are rounded. Telecommunication Union), that escalates the competitiveness of SMEs that achieved distinct Country. online commerce results. According to Thailands National Economic and Social Development Council (NESDC), the Thai economy in 2021 grew by 1.6 percent, only partially recovering from a decline of 6.2 percent in 2020. Thailand and the United States participate ina number ofthe same international organizations, including the UN, ASEAN Regional Forum, Asia-Pacific Economic Cooperation (APEC), International Monetary Fund, World Bank, and World Trade Organization. The U.S. services trade surplus with Thailand was $1.4 billion in 2020. Its gross domestic product (GDP) in 2021 was $513 billion[1], growing 1.6 percent from the previous year[2]. In the most recent U.S.-Thailand TIFA meeting, the two sides reaffirmed the importance of workingtogether to strengthen the bilateral trade relationship and discussed a full range of issues, including those related to General System of Preferences reviews, agriculture, customs, intellectual property protection and enforcement, and labor. business matching via Top trading partners (import sources) of Thailand in 2021: China with a share of 24% (66 billion US$) Japan with a share of 13.2% (35 billion US$) USA with a share of 5.43% (14.5 billion US$) Malaysia with a share of 4.49% (12 billion US$) Other Asia, nes with a share of 3.9% (10.4 billion US$) For more than 60 years, U.S. agencies, such as the Centers for Disease Control and Prevention, the Armed Forces Research Institute of Medical Sciences, and the U.S. Agency for International Development (USAID), have partnered with Thai counterparts to safeguard the health of American, Thai, and international communities through medical research and innovation. ranging from buying to payment settlement. In 2018, Thailand was the United States' 20th largest goods trading partner; its 26th largest goods export market; and a source of $44.5 billion in total two-way goods trade. U.S. exports to Thailand increased by 13 percent, while U.S. imports from Thailand increased by 25 percent in 2021. Taxes generate the great bulk of the national revenue. To control the spread of COVID-19 in Thailand,the United Stateshas committednearly$8.5million to provide supplies for laboratories and frontline health care workers,increase communications to communities, and supportresponse capacity as well as food security in all nine camps on the Thailand-Burma border hosting refugees from Burma. APDF readeris available from Adobe Systems Incorporated. furniture, gems and accessories. Leading categories include: rice ($707 million), processed fruit and vegetables ($493 million), dog and cat food ($406 million), food preparations ($205 million), and baked goods, cereals, and pasta ($196 million). Latest trade data available from various sources. Buying requests have been systematically managed to assist the browsing of items that 2 South Korea widened as imports from Korea dropped 13.6%. U.S. Department of Commerce Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. : (202) 944-3600. Coordinator for the Arctic Region, Deputy Secretary of State for Management and Resources, Office of Small and Disadvantaged Business Utilization, Under Secretary for Arms Control and International Security, Bureau of Arms Control, Verification and Compliance, Bureau of International Security and Nonproliferation, Under Secretary for Civilian Security, Democracy, and Human Rights, Bureau of Conflict and Stabilization Operations, Bureau of Democracy, Human Rights, and Labor, Bureau of International Narcotics and Law Enforcement Affairs, Bureau of Population, Refugees, and Migration, Office of International Religious Freedom, Office of the Special Envoy To Monitor and Combat Antisemitism, Office to Monitor and Combat Trafficking in Persons, Under Secretary for Economic Growth, Energy, and the Environment, Bureau of Oceans and International Environmental and Scientific Affairs, Office of the Science and Technology Adviser, Bureau of the Comptroller and Global Financial Services, Bureau of Information Resource Management, Office of Management Strategy and Solutions, Bureau of International Organization Affairs, Bureau of South and Central Asian Affairs, Under Secretary for Public Diplomacy and Public Affairs, U.S. which comprises experts and specialists in IT and communication technology Secure .gov websites use HTTPS Published data in 2023. With 58 Thai Trade Centres around the world, we are committed to serve Thailand trading partners with our greatest efforts. However, cracks in its runways and crowded conditions at the new facility led to the temporary reopening of Don Muang for both international and domestic flights. Includes resources where U.S. companies can get information on how to take advantage of these agreements. at a later time, basing on the development of Endless SOOK. the site connects buyers and sellers via business matching activities held online and Thailand's most prestigious award given in recognition of outstanding Thai-design products. Please note this indicator is not cross country comparable. Advisory Commission on Public Diplomacy. A national lottery is also a major source of revenue for the government. Thailand places great emphasis on providing quality service at its leading hotels and restaurants, which has helped to attract many foreign visitors. The United States is among Thailands largest export markets, and Japan is among the countrys biggest sources of imports. through the use of information or communication technology. Leading domestic export categories include: soybeans ($568 million), distillers grains ($198 million), wheat ($171 million), food preparations ($123 million), and cotton ($119 million). Thaitrade.com is an official Thailand B2B E-Marketplace established in 2011 by Additional tax revenue comes from tariffs on imported products and certain exports. According to the Thai commerce minister, Malaysia is Thailand's largest trading partner in ASEAN and the fourth largest overall. Thailand will also host APEC in 2022. Thailand is the world's largest exporter of tapioca products, rubber, frozen shrimp, canned tuna, and canned pineapple. furniture, gems and accessories. Home Global Insights By Country Thailand Trade Statistics Thailand: Trade Statistics Exporter Rank 26 / 138 Compare Exporter Rank Importer Rank 23 / 138 Compare Importer Rank Trade Balance Rank In addition, Double Coin Holdings Ltd. opened a truck and OTR tire plant in Thailand in 2017 and Prinx Chengshan Tire Co. Ltd. commissioned a truck/bus tire plant in Chonburi, Thailand, in March 2020 with an annual capacity of 800,000 units; Thailand's lead over No. The main purpose of Thaitrade.com is to enhance trade opportunity of Thai exporters under the idea of pooling most of Thai export products in one e-marketplace and to be the most effective way for our trade partners from over the world to find the required products from Thailand. In the fiscal year 2016, the number of Thailand is currently our 19th largest goods trading partner with $48.9 billion in total (two way) goods trade during 2020. Goods exports totaled $11.3 billion; goods imports totaled $37.6 billion. With the ambition to accelerate the competencies of Thai SMEs to achieve Kra Sor, Nonthaburi 11000, Thailand. Washington, DC 20230. Tariffs can be based on the MFN tariffs which applied to all trading partners, Services Service Policy Restrictive Database. The Department of International Trade Promotion (DITP) is a government agency that assists international buyers in various aspects through our extensive global network. Buying requests have been systematically managed to assist the browsing of items that The United States has a services trade surplus of an estimated $1.4 billion with Thailand in 2020, up 43.3 percent from 2019. Parts and accessories of automatic data process, Petroleum oils, etc, (excl. The number of active users of Thaitrade.com has amounted to 1,123,611 in 2016 Thai sellers, particularly, SMEs, and international buyers. Trade Indicator Service Indicators 2020 Thailand top 5 Export and Import partners Thailand Exports and Imports of Product Groups Top 5 Products exports imports at HS 6 digit level Tariff and Trade Barriers for Thailand Tariffs 2015 Overall Trade Restrictiveness Index (OTRI) 2009 OTRI Services Service Policy Restrictive Database (SPRD) SPRD The most popular tourist destinations outside of Bangkok are the beach resorts of Pattaya, Phuket, and Koh Samui and the historical cities of Sukhotai, Ayutthaya, and Chiang Mai. The Thaitrade.com was uplifted from B2B (business to business) B2B2C (business to Meanwhile, Thailand was the UK's 40 th largest trade partner, accounting for just 0.4 percent of total UK trade. Since 1950, Thailand has received U.S. military equipment, essential supplies, training, andotherassistance in the construction and improvement of facilities. U.S. imports from Thailand account for 1.6 percent of overall U.S. imports in 2020. Office of the U.S. Trade Representative Countries Page at a later time, basing on the development of Endless SOOK. ASEAN Free Trade Area (AFTA) ASEAN Economic Community (AEC) ASEAN-China ASEAN-India ASEAN-Japan ASEAN-South Korea ASEAN-Australia-New Zealand ASEAN-Hong Kong The United States and Thailand meet regularly under the auspices of our 2002 bilateral Trade and Investment Framework Agreement (TIFA) to address outstanding bilateral issues and coordinate on bilateral, regional, and multilateral issues.. Data are in current U.S. dollars. Two-way trade of goods in 2021 was more than $60 billion, with $47.4 billion in Thai exports to the United States and $12.7 billion in U.S. exports to Thailand. Call Center: Thailand trade relationship with global countries based on partial data. The nomination was selected by WSIS Forum, Also shown is each import country's percentage of total Thai exports. Official websites use .gov DITP is committed to enable the Thaitrade.com SOOK to fully serve as public 2020 Data Thailand exports, imports, tariff by year . At the time of writing, the Thai economy is projected to expand between 2.5 and 3.5 percent in 2022, mainly supported by improved domestic demand, a partial recovery of the tourism sector, and continued strength in exports.
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