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2023
Flag → Flag
Exports $58.5BRnk 1 / 216
2023
Flag → Flag
Top Product $6.51BOffice Machine Parts
2023
Flag → Flag
Exports $18.4BRnk 23 / 220
2023
Flag → Flag
Top Product $3.55BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Thailand-United States Trade: In 2023, Thailand exported $58.5B to United States. The main products that Thailand exported to United States were Office Machine Parts ($6.51B), Broadcasting Equipment ($5.71B), and Semiconductor Devices ($4.4B). Over the past 5 years the exports of Thailand to United States have increased at an annualized rate of 12.3%, from $32.8B in 2018 to $58.5B in 2023.

In 2020, Thailand exported services to United States worth $4.47B, with Other business services ($2.94B), Transportation ($756M), and Travel ($561M) being the largest in terms of value.

United States-Thailand Trade: In 2023, United States exported $18.4B to Thailand. The main products that United States exported to Thailand were Crude Petroleum ($3.55B), Integrated Circuits ($1.03B), and Petroleum Gas ($773M). Over the past 5 years the exports of United States to Thailand have increased at an annualized rate of 4.73%,  from $14.6B in 2018 to $18.4B in 2023.

In 2017, United States exported services to Thailand worth $2.8B, with Travel ($738M), Financial services ($531M), and Royalties and license fees ($472M) being the largest in terms of value.

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $58.5B to United States. The main products exported from Thailand to United States were Office Machine Parts ($6.51B), Broadcasting Equipment ($5.71B), and Semiconductor Devices ($4.4B). During the last 5 years the exports of Thailand to United States have increased at an annualized rate of 12.3%, from $32.8B in 2018 to $58.5B in 2023.

In 2018, United States exported $18.4B to Thailand. The main products exported from United States to Thailand were Crude Petroleum ($3.55B), Integrated Circuits ($1.03B), and Petroleum Gas ($773M). During the last 5 years the exports of United States to Thailand have increased at an annualized rate of 4.73%, from $14.6B in 2023 to $18.4B in 2018.

Exports from Thailand (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Thailand (Flag) (2023)

Latest Data

Trade between Thailand (Flag) and United States (Flag)

Thailand Exports

United States Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
United States
Top DestinationCanada$269B

This map shows whether countries import more from Thailand or United States. Each country is colored based on the difference in imports they receive from Thailand and United States or the difference in the growth in imports.

In 2023, countries that imported more from Thailand than United States included Cambodia ($6.19B), Laos ($4.64B), and Burma ($4.31B).

In 2023, countries that imported more from United States than Thailand included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Thailand (Flag) (2023)

Comparative Advantage Thailand - United States

Flow
Scale

This chart compares trade between Thailand and United States by product, considering products traded by both, Thailand and United States.

During 2023, Thailand had a large net trade with United States in the exports of Machines ($33.8B), Plastics and Rubbers ($6.06B), and Foodstuffs ($3.06B).

During 2018, United States had a large net trade with Thailand in the exports of Mineral Products ($4.64B), Machines ($4.36B), and Transportation ($2.56B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand United States+$621MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential United States Thailand+$463MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Thailand and United States. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Thailand.

Product Space of Thailand (Flag) and United States (Flag) (2023)

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