United States (USA) and Thailand (THA) Trade

2022

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Exports $15.9BRnk 25 / 219

2022

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About

United States-Thailand In 2022, United States exported $15.9B to Thailand. The main products that United States exported to Thailand are Crude Petroleum ($2.24B), Integrated Circuits ($1.09B), and Broadcasting Equipment ($905M). During the last 27 years the exports of United States to Thailand have increased at an annualized rate of 2.99%, from $7.19B in 1995 to $15.9B in 2022.

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 2022, Thailand exported $53.4B to United States. The main products that Thailand exported to United States were Office Machine Parts ($7.69B), Broadcasting Equipment ($4.02B), and Rubber Tires ($3.55B). During the last 27 years the exports of Thailand to United States have increased at an annualized rate of 5.91%, from $11.3B in 1995 to $53.4B in 2022.

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 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.88), and 27 in total exports ($312B).

COMPANIES In 2023, leading companies such as SAMSUNG ELECTRONICS AMERICA (1.13M), LG ELECTRONICS U.S.A. INC. (503k), and IKEA SUPPLY AG (221k) were at the forefront of exporting goods from Thailand to the United States. Conversely, THAI SAMSUNG ELECTRONICS CO.,LTD. (726k), LG ELECTRONICS (THAILAND) CO., LTD. (226k), and THAI SAMSUNG ELECTRONICS CO.,LTD. 3 (132k) were notable for importing Thailand products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $1.29B and imported $4.81B from Thailand, resulting in a negative trade balance of $3.52B. Between January 2023 and January 2024 the exports of United States have increased by $101M (8.5%) from $1.19B to $1.29B, while imports decreased by $-118M (-2.39%) from $4.92B to $4.81B.

Trade In January 2024, the top exports of United States to Thailand were Integrated Circuits ($81.5M), Office Machine Parts ($73.4M), Wheat ($55.8M), Recovered Paper ($48.4M), and Semiconductor Devices ($43.8M). In January 2024 the top imports of United States from Thailand were Telephones ($476M), Computers ($472M), Semiconductor Devices ($336M), Rubber Tires ($258M), and Integrated Circuits ($167M).

Origins In January 2024 the exports of United States were mainly from Texas ($278M), California ($176M), Michigan ($78.6M), Louisiana ($77.3M), and Georgia ($54M), while imports destinations were mainly California ($1.12B), Illinois ($575M), Texas ($429M), Georgia ($351M), and New York ($273M).

Growth In January 2024, the increase in United States's year-by-year exports to Thailand was explained primarily by an increase in product exports in Office Machine Parts ($48.1M or 191%), Tanks and Armored vehicles ($40.7M or 225k%), and Petroleum Gas ($32.5M or 202k%). In January 2024, the decrease in United States's year-by-year imports from Thailand was explained primarily by an decrease in product imports in Computers ($-226M or -32.3%), Video Displays ($-26.3M or -45.1%), and Rubber Apparel ($-25.2M or -33.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$101M(8.5%)

IMPORT GROWTH (January 2023 - January 2024)$-118M(-2.39%)

MAIN EXPORTER (January 2024)Texas$278M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Thailand and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $15.9B to Thailand. The main products exported from United States to Thailand were Crude Petroleum ($2.24B), Integrated Circuits ($1.09B), and Broadcasting Equipment ($905M). During the last 27 years the exports of United States to Thailand have increased at an annualized rate of 2.99%, from $7.19B in 1995 to $15.9B in 2022.

In 2022, Thailand exported $53.4B to United States. The main products exported from Thailand to United States were Office Machine Parts ($7.69B), Broadcasting Equipment ($4.02B), and Rubber Tires ($3.55B). During the last 27 years the exports of Thailand to United States have increased at an annualized rate of 5.91%, from $11.3B in 1995 to $53.4B in 2022.

Exports from United States () to Thailand () (2022)

Exports from Thailand () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Thailand
Top DestinationUnited States$53.4B

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 2021, countries that imported more from United States than Thailand were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Thailand than United States were Cambodia ($8.63B), Burma ($4.7B), and Laos ($4.5B).

Difference in imports from Thailand () and United States () (2022)

Comparative Advantage United States - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Thailand in the exports of Machines ($4.45B), Mineral Products ($3.06B), and Transportation ($1.65B).

During 2022, Thailand had a large net trade with United States in the exports of Machines ($27.9B), Plastics and Rubbers ($6.55B), and Foodstuffs ($3.6B).

Service Trade

Bilateral Service Trade

Tha Year

Usa Year

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.

Services Exports from United States () to Thailand () (2017)

Services Exports from Thailand () to United States () (2020)

Economic Complexity

Competitive Landscape

Year

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.

Product Space of United States () and Thailand () (2022)

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