Trade Trend

In 2023, Thailand's total export value is 279.76Billion USD, total import value is 291.98Billion USD, Deficit is -12.22Billion USD, and foreign trade dependency is 1.110. In 2023，Thailand's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(11.76Billion USD), Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(10.14Billion USD), Electronic integrated circuits(9.59Billion USD), top export destinations are United States(47.76Billion USD), China(33.78Billion USD), Japan(24.38Billion USD). In 2023, Thailand's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(34.58Billion USD), Electronic integrated circuits(19.67Billion USD), Petroleum gases and other gaseous hydrocarbons(11.58Billion USD), top import origins are China(71.08Billion USD), Japan(31.25Billion USD), United States(19.73Billion USD).

Comparing to 2022, Thailand's total export value decreased -4.06Billion USD(-1.43%) in 2023, this could result from its export decreases of products such as Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(-2.60Billion USD or -20.41%), Natural rubber, balata, guttapercha, guayule, chicle and similar gums; in primary forms or in plates, sheets or strip(-1.48Billion USD or -29.09%), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(-1.00Billion USD or -14.54%) and export decreases to countries/economics such as Cambodia(-2.22Billion USD or -25.83%), Vietnam(-2.09Billion USD or -15.94%), Malaysia(-749.60Million USD or -6.03%). Comparing to 2022, Thailand's total import value decreased -13.75Billion USD(-4.50%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils obtained from bituminous minerals; crude(-4.54Billion USD or -11.60%), Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form(-3.33Billion USD or -29.62%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-1.57Billion USD or -25.35%), and its import decreases from countries/economies such as Japan(-3.36Billion USD or -9.71%), Switzerland(-2.09Billion USD or -29.56%), South Korea(-1.47Billion USD or -14.47%).

Cumulated to first 7 months of 2024, Thailand's total export value is 118.95Billion USD, total import value is 125.90Billion USD, and tradedeficit is -6.95Billion USD. Cumulated to first 7 months of 2024, Thailand's top export products are Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(5.17Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(4.88Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(4.33Billion USD), and top export destinations are United States(21.07Billion USD), China(14.41Billion USD), Japan(9.57Billion USD). Cumulated to first 7 months of 2024, Thailand's top import products are Automatic data processing machines and units thereof, magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included(5.17Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(4.88Billion USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(4.33Billion USD), and top import origins areChina(31.15Billion USD), Japan(11.74Billion USD), Taiwan CN(10.22Billion USD).