Quick Answer: Who do Thailand Trade with?

Market Trade (US$ Mil) Partner share(%)
United States 29,719 12.72
China 28,068 12.01
Japan 23,136 9.90
Vietnam 11,608 4.97

What does Thailand trade with the US?

U.S. imports from Thailand account for 1.3% of overall U.S. imports in 2019. The top import categories (2-digit HS) in 2019 were: machinery ($8.4 billion), electrical machinery ($7.6 billion), rubber ($4.0 billion), vehicles ($1.2 billion), and optical and medical instruments ($1.2 billion).

What is the major export of Thailand?

The top ten export items were machinery including computers: $40.2 billion (16.4% of total exports), electrical machinery, equipment: $33.9 billion (13.8%), vehicles: $28.9 billion (11.8%), gems, precious metals: $15.7 billion (6.4%), rubber, rubber articles: $15.3 billion (6.3%), plastics, plastic articles: $13.3 …

How many countries does Thailand Trade with?

In addition, the Regional Comprehensive Economic Partnership (“RCEP”), which is Free Trade Agreement between 10 ASEAN countries and its six trading partners, namely, Australia, China, India, Korea, Japan, and New Zealand was signed in November 2020.

What is Thailand’s main import?

Thailand imports mainly raw materials and intermediate goods (around 56 percent of total imports). Fuel accounts for 19 percent, parts of electronic appliances for 11 percent, materials of base metal for 9 percent, and chemicals for 5.5 percent.

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Is Thailand a US ally?

Bilateral relations between the Kingdom of Thailand and the United States of America date back to 1818. Thailand and the United States have long been close allies and diplomatic partners.

Does the US have a military base in Thailand?

Today, US military units train with other Asian militaries in Thailand. Royal Thai Air Force Bases are an important element in the Pentagon’s “forward positioning” strategy.

Is Thailand a 3rd world country?

Because Thailand did not initially join the Allies or the Communism Bloc, it is a Third World country. Thailand is considered to be a developing country or, more accurately, a New Industrialized Country.

What is Thailand’s biggest industry?

Exports and tourism are the main drivers of Thailand’s growth. The tourism sector grew by 7.5% in 2018 while exports saw a 7.2% growth. Its key exports are automotive and electronic goods, as well as agricultural products such as rice, rubber, sugar and tapioca.

What products are made in Thailand?

Rice is the major crop grown and Thailand is the world’s biggest rice exporter. Other crops grown in the country include: rubber, sugarcane, cassava, fruit, cashew nuts, corn, tobacco, cotton, cocoa, peanuts, soybeans, medical plants, dairy, and fishery products.

Who is Thailand’s biggest trading partner?

Thailand top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States 29,719 12.72
China 28,068 12.01
Japan 23,136 9.90
Vietnam 11,608 4.97
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