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Thailand trade in 2024

In 2024, Thailand exported $345.1 billion and imported $300.3 billion, a trade surplus of $44.8 billion. It was the world's 22nd-largest exporter, with 1.5% of world exports. Its top export was computer and office machine parts (6.8% of the total) and its main trading partner was China (19.3% of its trade).

Summary

Exports
$345.1billion
Imports
$300.3billion
Trade balance
+$44.8billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Computer and office machine parts (6.8%) and microchips (4.6%) together make up 11.4% of its exports.

  1. Computer and office machine parts$23.3 billion · 6.8%
    Main partner: United States
  2. Microchips$16 billion · 4.6%
    Main partner: China
  3. Cameras and broadcast equipment$15.8 billion · 4.6%
    Main partner: United States
  4. Cars$12.4 billion · 3.6%
    Main partner: Australia
  5. Trucks$11.7 billion · 3.4%
    Main partner: Australia
  6. Gold$8.3 billion · 2.4%
    Main partner: Cambodia
  7. Auto parts$8.3 billion · 2.4%
    Main partner: United States
  8. New tires$8.1 billion · 2.3%
    Main partner: United States
  9. Air conditioners$8 billion · 2.3%
    Main partner: United States
  10. Computers$7.9 billion · 2.3%
    Main partner: United States

What it imports

Crude petroleum (10.9%) and microchips (7.3%) together make up 18.2% of its imports.

  1. Crude petroleum$32.8 billion · 10.9%
    Main partner: United Arab Emirates
  2. Microchips$21.8 billion · 7.3%
    Main partner: Taiwan
  3. Gold$14.4 billion · 4.8%
    Main partner: Hong Kong
  4. Natural gas and LPG$9.3 billion · 3.1%
    Main partner: Qatar
  5. Cameras and broadcast equipment$7.2 billion · 2.4%
    Main partner: China
  6. Computers$7.1 billion · 2.4%
    Main partner: Taiwan
  7. Auto parts$6 billion · 2%
    Main partner: Japan
  8. Computer and office machine parts$5 billion · 1.7%
    Main partner: China
  9. Refined petroleum$3.9 billion · 1.3%
    Main partner: United Arab Emirates
  10. Other iron or steel articles$3.3 billion · 1.1%
    Main partner: China

Its products

Destinations and sources of its products that have their own page.

By Harmonized System chapter (96)
ChapterExportsImports
85 · Electrical and electronic equipment$70 billion$61 billion
84 · Mechanical machinery$61.9 billion$35.9 billion
87 · Vehicles$37.2 billion$10.8 billion
40 · Rubber$20.2 billion$2.8 billion
71 · Gems and precious metals$17.8 billion$18.7 billion
39 · Plastics$13.7 billion$10.9 billion
27 · Oil, gas and coal$9.3 billion$50.2 billion
90 · Precision and medical instruments$8.9 billion$6.9 billion
16 · Prepared meat and fish$7.2 billion$524 million
08 · Fruit and nuts$7 billion$1.5 billion
10 · Cereals$6.8 billion$1.5 billion
73 · Iron and steel products$4.9 billion$7.8 billion
29 · Organic chemicals$4.4 billion$4.8 billion
74 · Copper$4.2 billion$5.7 billion
17 · Sugar and sweets$4.1 billion$656 million
76 · Aluminum$3.6 billion$5.6 billion
44 · Wood$3.6 billion$587 million
23 · Animal feed and food waste$3.5 billion$2.5 billion
21 · Food preparations$3 billion$1.3 billion
33 · Perfumes and cosmetics$2.7 billion$1.9 billion
20 · Preserved fruit and vegetables$2.7 billion$512 million
19 · Baked goods and cereal products$2.3 billion$723 million
94 · Furniture and lighting$2.2 billion$2.7 billion
22 · Beverages and spirits$2 billion$477 million
72 · Iron and steel$2 billion$11 billion
61 · Knitted clothing$1.9 billion$848 million
48 · Paper and paperboard$1.9 billion$2.3 billion
11 · Milling products and malt$1.9 billion$370 million
38 · Miscellaneous chemicals$1.8 billion$4.1 billion
02 · Meat and offal$1.8 billion$355 million
15 · Fats and oils$1.7 billion$584 million
89 · Ships and boats$1.7 billion$2.4 billion
55 · Synthetic staple fibers$1.4 billion$342 million
03 · Fish and seafood$1.4 billion$3.5 billion
95 · Toys and sports gear$1.3 billion$610 million
35 · Glues, starches and enzymes$1.1 billion$447 million
34 · Soap and cleaning products$1.1 billion$873 million
88 · Aircraft and spacecraft$1.1 billion$2.8 billion
28 · Inorganic chemicals$984 million$2.6 billion
91 · Watches and clocks$967 million$766 million
62 · Woven clothing$961 million$938 million
07 · Vegetables$911 million$1.4 billion
68 · Stone, plaster and cement articles$906 million$413 million
83 · Miscellaneous metal goods$844 million$1 billion
42 · Leather goods and bags$834 million$1.4 billion
69 · Ceramics$830 million$657 million
47 · Wood pulp$796 million$1.2 billion
25 · Salt, stone and cement$795 million$413 million
70 · Glass$741 million$1.1 billion
54 · Synthetic filaments$726 million$842 million
30 · Pharmaceuticals$720 million$2.9 billion
41 · Hides and leather$696 million$583 million
64 · Footwear$691 million$1.1 billion
32 · Dyes, paints and tanning agents$667 million$1.5 billion
56 · Felt, nonwovens and rope$646 million$341 million
82 · Tools and cutlery$555 million$1 billion
12 · Oilseeds and grains$451 million$2.1 billion
04 · Dairy, eggs and honey$422 million$874 million
63 · Home textiles and used clothing$404 million$729 million
60 · Knitted fabric$358 million$446 million
96 · Other manufactured goods$338 million$599 million
26 · Ores and slag$334 million$645 million
80 · Tin$281 million$173 million
43 · Fur and fur goods$261 million$297 million
31 · Fertilizers$256 million$2.5 billion
52 · Cotton$228 million$499 million
59 · Coated and technical textiles$218 million$562 million
01 · Live animals$198 million$40 million
09 · Coffee, tea and spices$179 million$603 million
81 · Other base metals$174 million$258 million
58 · Special fabrics and lace$167 million$174 million
24 · Tobacco$160 million$209 million
06 · Live plants and flowers$158 million$58 million
05 · Other animal products$138 million$68 million
18 · Cocoa and chocolate$132 million$298 million
57 · Carpets and rugs$129 million$94 million
36 · Explosives and matches$99 million$63 million
79 · Zinc$99 million$536 million
65 · Hats$97 million$72 million
86 · Railway equipment$80 million$72 million
49 · Books and printed matter$64 million$181 million
78 · Lead$59 million$203 million
13 · Gums and plant extracts$55 million$149 million
51 · Wool$43 million$77 million
75 · Nickel$36 million$128 million
67 · Feathers and artificial flowers$30 million$58 million
92 · Musical instruments$27 million$56 million
14 · Other plant products$24 million$35 million
46 · Wicker and basketware$24 million$9 million
97 · Art and antiques$22 million$74 million
53 · Other plant fibers$19 million$17 million
93 · Weapons and ammunition$14 million$86 million
37 · Photographic goods$13 million$130 million
50 · Silk$6 million$9 million
66 · Umbrellas and canes$3 million$48 million
45 · Cork$1 million$4 million

Trading partners

Its main destination is the United States (18.8% of exports) and its main source is China (28% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
United States64.818.8%Sea
China40.711.8%Sea
Japan24.17%Sea
Australia144.1%Sea
Singapore13.64%Air
Malaysia133.8%Land
India12.43.6%Sea
Vietnam11.83.4%Sea
Hong Kong11.23.3%Air
Indonesia9.72.8%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
China84.128%Sea
Japan26.68.9%Sea
Taiwan19.96.6%Air
United States19.36.4%Sea
United Arab Emirates17.45.8%Sea
Malaysia13.64.5%Land
Vietnam9.13.1%Sea
South Korea9.13%Sea
Indonesia8.62.9%Sea
Singapore7.82.6%Air

Overview 1995–2024

In 2024, Thailand accounted for 1.5% of world exports, compared with 1.2% in 1995.

Exports and imports

Exports grew 6-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 345
  • Imports 300
  • Balance +44.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$60 billion$71.2 billion-$11.2 billion
1996$62.4 billion$70.6 billion-$8.2 billion
1997$66.5 billion$62.5 billion$3.9 billion
1998$62.6 billion$43.2 billion$19.4 billion
1999$67.9 billion$50.9 billion$17 billion
2000$79.9 billion$61.3 billion$18.6 billion
2001$75.7 billion$61.5 billion$14.2 billion
2002$78.8 billion$63.4 billion$15.3 billion
2003$91.9 billion$76.1 billion$15.8 billion
2004$113.2 billion$94.2 billion$19 billion
2005$129.2 billion$117.1 billion$12 billion
2006$150.5 billion$127.7 billion$22.8 billion
2007$174.6 billion$141.6 billion$33 billion
2008$205 billion$177.6 billion$27.4 billion
2009$174.2 billion$133.2 billion$41 billion
2010$218.3 billion$181.5 billion$36.8 billion
2011$259.2 billion$224.3 billion$34.8 billion
2012$248.4 billion$239.5 billion$8.9 billion
2013$246.3 billion$243.2 billion$3 billion
2014$247.9 billion$224 billion$23.9 billion
2015$242.8 billion$201.2 billion$41.6 billion
2016$245.7 billion$193.4 billion$52.3 billion
2017$266.7 billion$220.6 billion$46.1 billion
2018$280.2 billion$247.2 billion$33 billion
2019$280.8 billion$229 billion$51.9 billion
2020$267.2 billion$201.7 billion$65.6 billion
2021$313.5 billion$261.2 billion$52.3 billion
2022$349.3 billion$294.6 billion$54.8 billion
2023$333.5 billion$283 billion$50.5 billion
2024$345.1 billion$300.3 billion$44.8 billion

World rank

Thailand fell from 20th to 22nd among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 20th in 1995
  • 22nd in 2024

Source: CEPII BACI

Show the numbers
YearRank
199520th
199622nd
199722nd
199821st
199921st
200021st
200121st
200221st
200322nd
200422nd
200523rd
200620th
200722nd
200822nd
200921st
201021st
201123rd
201224th
201323rd
201423rd
201519th
201619th
201720th
201822nd
201921st
202020th
202122nd
202224th
202325th
202422nd

What it sells

Its top export group is still electrical and electronic equipment: 20% in 2024

% of exports by Harmonized System chapter.

  • Other 31%
  • Precision and medical instruments 3%
  • Oil, gas and coal 3%
  • Plastics 4%
  • Gems and precious metals 5%
  • Rubber 6%
  • Vehicles 11%
  • Mechanical machinery 18%
  • Electrical and electronic equipment 20%

Source: CEPII BACI

Show the numbers
Chapter19952024
Electrical and electronic equipment18%20.3%
Mechanical machinery17.6%17.9%
Vehicles1.1%10.8%
Rubber5.4%5.9%
Gems and precious metals3.9%5.2%
Plastics3%4%
Oil, gas and coal0.71%2.7%
Precision and medical instruments1.6%2.6%
Other48.7%30.8%

Who it trades with

China went from 3% to 19% of Thailand's trade

% of total trade (exports + imports) with each partner.

  • China 19%
  • United States 13%
  • Japan 8%
  • Malaysia 4%
  • Taiwan 4%

Source: CEPII BACI

Show the numbers
Partner19952024
China3.1%19.3%
United States15.7%13%
Japan23.4%7.9%
Malaysia4.1%4.1%
Taiwan3.6%4.1%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

  • Mae Moh power stationPower · 15 Mt CO₂e
  • Pattani basinOil and gas · 8.8 Mt CO₂e
  • Malay basinOil and gas · 8.6 Mt CO₂e
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Largest economic production hubs (gridded GDP, 2024)

  • Bangkok$886.1 billion (PPP, 2021 dollars)
  • Si Racha$123 billion (PPP, 2021 dollars)
  • Saraburi$40.6 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

Main partners

See all countries