United States (USA) and Thailand (THA) Trade

About

United States-Thailand: In 2018, United States exported $12.8B to Thailand. The main products exported from United States to Thailand were Integrated Circuits ($995M), Crude Petroleum ($950M), and Planes, Helicopters, and/or Spacecraft ($751M). During the last 23 years the exports of United States to Thailand have increased at an annualized rate of 2.11%, from $7.89B in 1995 to $12.8B in 2018. In 2011, United States exported services to Thailand worth $1.33B, with Travel ($603M), Royalties and license fees ($355M), and Transportation ($173M) being the largest in terms of value.

Thailand-United States: In 2018, Thailand exported $29.3B to United States. The main products exported from Thailand to United States were Office Machine Parts ($5.24B), Rubber Tires ($2.24B), and Broadcasting Equipment ($1.38B). During the last 23 years the exports of Thailand to United States have increased at an annualized rate of 4.05%, from $11.7B in 1995 to $29.3B in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Thailand ranked 28 in the Economic Complexity Index (ECI 0.93), and 22 in total exports ($262B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, and Thailand was ranked 91 with a GDP Per Capita of $7,274.

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, United States exported $12.8B to Thailand. The main products exported from United States to Thailand were Integrated Circuits ($995M), Crude Petroleum ($950M), and Planes, Helicopters, and/or Spacecraft ($751M). During the last 23 years the exports of United States to Thailand have increased at an annualized rate of 2.11%, from $7.89B in 1995 to $12.8B in 2018.

In 2018, Thailand exported $29.3B to United States. The main products exported from Thailand to United States were Office Machine Parts ($5.24B), Rubber Tires ($2.24B), and Broadcasting Equipment ($1.38B). During the last 23 years the exports of Thailand to United States have increased at an annualized rate of 4.05%, from $11.7B in 1995 to $29.3B in 2018.

Latest Data

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Date

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Date

Market Competitiveness

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Measure

SectionYear

United States
Top Destination: Mexico, $237B

Thailand
Top Destination: China, $31B

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 2018, countries that imported more from United States than Thailand were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Thailand than United States were Cambodia ($7.62B), Vietnam ($13B), and Burma ($4.67B).

Comparative Advantage United States - Thailand

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Depth

Year

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

During 2018, United States had a large net trade with Thailand in the exports of Machines ($3.4B), Transportation ($1.38B), and Chemical Products ($1.37B).

During 2018, Thailand had a large net trade with United States in the exports of Machines ($13.6B), Plastics and Rubbers ($4.14B), and Foodstuffs ($2.39B).

Tariff Section

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Tariffs

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This sections shows import tariffs for products traded between United States and Thailand (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Thailand were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2015, the products from Thailand that paid the highest import tariffs to enter United States were Undenatured ethyl alcohol > 80% by volume (321%) and Milk powder < 1.5% fat (216%).

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*The tariffs present between United States and Thailand are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
388: United States Generalized System of Preference

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between United States and Thailand. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Service Trade

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Bilateral Service Trade

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Usa Year

In 2011, United States exported services to Thailand worth $1.33B, with Travel ($603M), Royalties and license fees ($355M), and Transportation ($173M) 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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Year

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

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage United States - Thailand

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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