Flag United States / Thailand Flag

2020
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Exports
: $11.3B, Rnk 23 / 218

2020
FlagFlag
Top Product
: $1.37B, Crude Petroleum

2020
FlagFlag
Exports
: $35.3B, Rnk 1 / 214

2020
FlagFlag
Top Product
: $6.28B, Office Machine Parts

2020
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Economic Complexity (ECI)
: ECI 1.56, Rnk 9 / 127

2020
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Economic Complexity (ECI)
: ECI 0.91, Rnk 30 / 127

2020
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GDP
: $20.9T, CURRENT US$
Rnk 1 / 204

2010-2020
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GDP GROWTH
: 38.8%, CURRENT US$
Rnk 78 / 204

2020
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 GDP
: $500B, CURRENT US$
Rnk 24 / 204

2010-2020
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GDP GROWTH
: 46.5%, CURRENT US$
Rnk 61 / 204

2020
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GDP PC 
: $63,028, CURRENT US$
Rnk 9 / 204

2010-2020
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GDP PC GROWTH
: 29.6%, CURRENT US$
Rnk 65 / 204

2020
Flag
GDP PC
: $7,159, CURRENT US$
Rnk 95 / 204

2010-2020
Flag
GDP PC GROWTH
: 41%, CURRENT US$
Rnk 41 / 204

United States-Thailand In 2020, United States exported $11.3B to Thailand. The main products that United States exported to Thailand are Crude Petroleum ($1.37B), Integrated Circuits ($854M), and Soybeans ($532M). During the last 25 years the exports of United States to Thailand have increased at an annualized rate of 1.87%, from $7.12B in 1995 to $11.3B in 2020.

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.

Thailand-United States In 2020, Thailand exported $35.3B to United States. The main products that Thailand exported to United States were Office Machine Parts ($6.28B), Rubber Tires ($2.82B), and Broadcasting Equipment ($1.79B). During the last 25 years the exports of Thailand to United States have increased at an annualized rate of 4.68%, from $11.2B in 1995 to $35.3B in 2020.

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.

Comparison In 2020,  United States ranked 9 in the Economic Complexity Index (ECI 1.56), and 2 in total exports ($1.34T). That same year, Thailand ranked 30 in the Economic Complexity Index (ECI 0.91), and 23 in total exports ($243B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, United States exported $11.3B to Thailand. The main products exported from United States to Thailand were Crude Petroleum ($1.37B), Integrated Circuits ($854M), and Soybeans ($532M). During the last 25 years the exports of United States to Thailand have increased at an annualized rate of 1.87%, from $7.12B in 1995 to $11.3B in 2020.

In 2020, Thailand exported $35.3B to United States. The main products exported from Thailand to United States were Office Machine Parts ($6.28B), Rubber Tires ($2.82B), and Broadcasting Equipment ($1.79B). During the last 25 years the exports of Thailand to United States have increased at an annualized rate of 4.68%, from $11.2B in 1995 to $35.3B in 2020.

Market Competitiveness

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Measure

United States
Top Destination
: Canada, $218B

Thailand
Top Destination
: United States, $35.3B

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

In 2019, countries that imported more from United States than Thailand were Canada ($218B), Mexico ($196B), and China ($122B).

In 2019, countries that imported more from Thailand than United States were Cambodia ($5.74B), Burma ($3.83B), and Laos ($3.36B).

Comparative Advantage United States - Thailand

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Flow

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

During 2020, United States had a large net trade with Thailand in the exports of Machines ($3.04B), Mineral Products ($1.65B), and Chemical Products ($1.12B).

During 2020, Thailand had a large net trade with United States in the exports of Machines ($17.7B), Plastics and Rubbers ($5.08B), and Foodstuffs ($2.87B).

Bilateral Service Trade

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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.

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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Thailand. Similarly, the more yellow a dot/product is, the more Thailand has comparative advantage over United States.