Geographically it is spread over an area of 513,210 square kilometers and is the 50th largest country across the globe in terms of land area. The country is an ideal hub for importers and exporters across the world due to its strategic geographic location. The globally emerging import trade rates of the nation have led to an import trade value of 260 billion US dollars in 2023 recording a significant increase from the previous year’s value of 200 billion US dollars and 170 billion US dollars in 2022 and 2021. The import traders facilitating the global import business of Thailand are (China – 33 billion US dollars), (Japan – 22 billion US dollars), (the United States – 15 billion US dollars), (Malaysia – 11 billion US dollars), (South Korea – 9 billion US dollars).

To keep the economy growing exponentially, the trade authorities are simultaneously managing the import and export trade rates. The growing exports of the nation have led to an export value of 300 billion US dollars in 2023; a significant growth from 2022 and 2021 worth 265 and 237 billion US dollars. The top export partners boosting the economy of Thailand are (China – 40 billion US dollars), (United States – 32 billion US dollars), (Japan – 28 billion US dollars), (Hong Kong – 23 billion US dollars), (Vietnam – 18 billion US dollars). The Thailand Export Customs Shipment Data depicted that the growing evolution of the industries recorded a GDP of 1.28 trillion US dollars in 2023.

Top Imports of Thailand in 2023

As the necessities of the people within the region are increasing with time, the government authorities are bound to import more products from top traders to stabilize the economy. As per the Thailand Import Data, the top 10 imports of the nation in 2023 with its trade values are discussed below,

• Crude Petroleum – Total generated value of Crude Petroleum imports – 32 billion US dollars.

• Integrated Circuits – The total generated value of Integrated Circuits imports – 22 billion US dollars.

• Gold – The total generated value of Gold imports – 18 billion US dollars.

• Cars – The total generated value of Cars imports – 15 billion US dollars.

• Refined Petroleum – Total generated value of Refined Petroleum imports – 12 billion US dollars.

• Computers – The total generated value of Computer imports – 11 billion US dollars.

• Rice – Total generated value of Rice imports – 9 billion US dollars.

• Petroleum Gas – The total generated value of Petroleum Gas imports – 7 billion US dollars.

• Vehicle Parts – Total generated value of Vehicle Parts imports – 6 billion US dollars.

• Iron Ores – Total generated value of Iron Ores imports – 5 billion US dollars.

Top 10 Import Partners of Thailand in 2023

The country has expanded its global reach for importing products as per the domestic necessities at an affordable range to stabilize the economy. As per the Thailand Trade Data, the import trade value generated from the top import partners of Thailand in 2023 is discussed below,

• China – The import trade value of the products imported from China to Thailand in 2023 – 33 billion US dollars.

• Japan – The import trade value of the products imported from Japan to Thailand in 2023 – 22 billion US dollars.

• United States – The import trade value of the products imported from the United States to Thailand in 2023 – 15 billion US dollars.

• Malaysia – The import trade value of the products imported from Malaysia to Thailand in 2023 – 11 billion US dollars.

• South Korea – The import trade value of the products imported from South Korea to Thailand in 2023 – 9 billion US dollars.

• Vietnam – The import trade value of the products imported from Vietnam to Thailand in 2023 – 8 billion US dollars.

• Indonesia – The import trade value of the products imported from Indonesia to Thailand in 2023 – 6 billion US dollars.

• Singapore – The import trade value of the products imported from Singapore to Thailand in 2023 – 5 billion US dollars.

• Germany – The import trade value of the products imported from Germany to Thailand in 2023 – 4 billion US dollars.

• India – The import trade value of the products imported from India to Thailand in 2023 – 3 billion US dollars.

Top Exports of Thailand in 2023

To keep on growing globally as one of the top traders across the world, the industries of Thailand are boosting their production rates to increase the export revenue generated. As per the Thailand Export Data, the top exports of the nation in 2023 with its trade values are discussed below,

• Electronic Equipment – The total generated value of electronic equipment exports – 63 billion US dollars.

• Motor Vehicles - The total generated value of motor vehicles exports – 40 billion US dollars.

• Rubber - The total generated value of rubber exports – 17 billion US dollars.

• Machinery - The total generated value of machinery exports – 14 billion US dollars.

• Plastics - The total generated value of plastics exports – 12 billion US dollars.

• Precious Stones and Metals - Total generated value of precious stones and metals exports – 11 billion US dollars.

• Food Products - Total generated value of food products exports – 9 billion US dollars.

• Chemicals - The total generated value of chemicals exports – 8 billion US dollars.

• Textiles and Apparel - The total generated value of textiles and apparel exports – 7 billion US dollars.

• Furniture - The total generated value of furniture exports – 6 billion US dollars.

Top 10 Export Partners of Thailand in 2023

The Thailand Customs Data enlists the below-mentioned countries as the top 10 export destinations of the nation in 2023. The trade values generated from the significant exports in 2023 are discussed below,

• China – The export trade value of the products exported from Thailand to China – 40 billion US dollars.

• United States - The export trade value of the products exported from Thailand to the United States – is 32 billion US dollars.

• Japan - The export trade value of the products exported from Thailand to Japan – 28 billion US dollars.

• Hong Kong - The export trade value of the products exported from Thailand to Hong Kong – 23 billion US dollars.

• Vietnam - The export trade value of the products exported from Thailand to Vietnam – 18 billion US dollars.

• Malaysia - The export trade value of the products exported from Thailand to Malaysia – 16 billion US dollars.

• Indonesia - The export trade value of the products exported from Thailand to Indonesia– 15 billion US dollars.

• Singapore - The export trade value of the products exported from Thailand to Singapore – 11 billion US dollars.

• India - The export trade value of the products exported from Thailand to India – 9 billion US dollars.

• Philippines - The export trade value of the products exported from Thailand to the Philippines – 8 billion US dollars.

FAQ’s

Que. What is the import Trade value of Thailand in 2023?
Ans. The import trade value of Thailand in 2023 is 260 billion US dollars.

Que. What is the export trade value of Thailand in 2023?
Ans. The export trade value of Thailand in 2023 is 300 billion US dollars.

Que. Where can you get the detailed Trade analysis of the Thailand Trade in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of the Thailand Trade in 2023.

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