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

About

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.

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.

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

Company data: In 2023, leading companies such as Samsung (11.5k), American Omni Trading Company (3.78k), and IKEA Group (3.04k) were at the forefront of exporting goods from Thailand to the United States. Conversely, Thai Samsung Electronics Co.,ltd. (7.4k), Other (6.98k), and Unknown (3.92k) were notable for importing products to Thailand from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $1.45B and imported $5.2B from Thailand, resulting in a negative trade balance of $3.75B. Between November 2023 and November 2024 the exports of United States have increased by $191M (15.2%) from $1.26B to $1.45B, while imports increased by $411M (8.58%) from $4.79B to $5.2B.

Trade In November 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 November 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 November 2024 the exports of United States were mainly from Texas ($379M), California ($166M), New York ($143M), Michigan ($81.1M), and Louisiana ($49M), while imports destinations were mainly California ($1.23B), Texas ($666M), Georgia ($454M), Illinois ($386M), and New York ($245M).

Growth In November 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 November 2024, the increase in United States's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Semiconductor Devices ($251M or 297%), Telephones ($170M or 55.5%), and Other Electrical Machinery ($122M or 1.25k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$191M(15.2%)
IMPORT GROWTH (November 2023 - November 2024)$411M(8.58%)
MAIN EXPORTER (November 2024)Texas$379M

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.

For full datasets download visit Bulk Download page.

Explore Thailand and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $18.4B in 2023.

In 2018, 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 2023 to $58.5B in 2018.

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

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

Market Competitiveness

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

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

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

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

Comparative Advantage United States - Thailand

Flow
Scale

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

During 2023, United States had a large net trade with Thailand in the exports of Mineral Products ($4.64B), Machines ($4.36B), and Transportation ($2.56B).

During 2018, 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).

Potential Exports

Potential Exports

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

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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Bilateral Service Trade

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 (Flag) to Thailand (Flag) (2017)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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