Thailand

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TH · THA · BACI 764 · latest data 2024

Exports

$345.1B USD, nominal · 2024

= $345,138 M23.2% over 5 yrs (up)

Imports

$300.3B USD, nominal · 2024

= $300,305 M31.6% over 5 yrs (up)

Trade balancesurplus

$44.8B USD, nominal · 2024

= $44,832 M

Total trade

$645.4B USD, nominal · 2024

= $645,443 M27.0% over 5 yrs (up)

World position: #21 of 225 exporters · top 10% · #22 of 225 importers · top 10% · 2024
World export share since 1995: +0.3 pp

Trade timeline

Thailand's exports grew from $60.3B in 1995 to $345.1B in 2024; the 2024 balance was $44.8B.

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Exports, imports, trade balance and total trade of Thailand per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$60,345 M	$70,970 M	−$10,624 M	$131,315 M
1996	$62,654 M	$70,661 M	−$8,006 M	$133,315 M
1997	$66,311 M	$62,525 M	$3,786 M	$128,837 M
1998	$62,800 M	$43,244 M	$19,556 M	$106,044 M
1999	$68,073 M	$50,693 M	$17,379 M	$118,766 M
2000	$79,908 M	$61,351 M	$18,557 M	$141,259 M
2001	$76,382 M	$61,412 M	$14,970 M	$137,794 M
2002	$78,544 M	$63,303 M	$15,241 M	$141,847 M
2003	$91,913 M	$75,754 M	$16,159 M	$167,667 M
2004	$112,909 M	$93,540 M	$19,369 M	$206,448 M
2005	$128,734 M	$116,731 M	$12,003 M	$245,466 M
2006	$150,646 M	$127,256 M	$23,389 M	$277,902 M
2007	$174,877 M	$141,391 M	$33,485 M	$316,268 M
2008	$204,947 M	$176,810 M	$28,137 M	$381,757 M
2009	$174,452 M	$132,682 M	$41,770 M	$307,134 M
2010	$218,741 M	$181,581 M	$37,160 M	$400,322 M
2011	$257,892 M	$224,677 M	$33,215 M	$482,569 M
2012	$250,138 M	$239,231 M	$10,908 M	$489,369 M
2013	$246,189 M	$242,431 M	$3,758 M	$488,620 M
2014	$248,638 M	$223,872 M	$24,766 M	$472,510 M
2015	$240,930 M	$200,314 M	$40,616 M	$441,244 M
2016	$245,334 M	$192,566 M	$52,768 M	$437,900 M
2017	$266,155 M	$219,352 M	$46,803 M	$485,507 M
2018	$280,759 M	$246,432 M	$34,327 M	$527,190 M
2019	$280,059 M	$228,236 M	$51,823 M	$508,296 M
2020	$266,290 M	$201,048 M	$65,242 M	$467,338 M
2021	$315,972 M	$259,237 M	$56,735 M	$575,210 M
2022	$348,896 M	$293,375 M	$55,521 M	$642,271 M
2023	$331,814 M	$281,853 M	$49,961 M	$613,667 M
2024	$345,138 M	$300,305 M	$44,832 M	$645,443 M

30 rows

World share & rank

World export share moved from 1.2% in 1995 to 1.5% in 2024; export rank #19 → #21.

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World export and import share in percent, and world ranks, of Thailand per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	1.19%	1.40%	#19	#17
1996	1.17%	1.32%	#21	#18
1997	1.18%	1.12%	#21	#21
1998	1.13%	0.78%	#20	#28
1999	1.18%	0.88%	#20	#23
2000	1.23%	0.94%	#20	#22
2001	1.21%	0.97%	#20	#22
2002	1.19%	0.96%	#20	#21
2003	1.20%	0.99%	#21	#21
2004	1.22%	1.01%	#21	#21
2005	1.23%	1.11%	#22	#20
2006	1.25%	1.05%	#19	#22
2007	1.25%	1.01%	#21	#24
2008	1.27%	1.10%	#21	#23
2009	1.40%	1.07%	#20	#24
2010	1.45%	1.21%	#20	#21
2011	1.44%	1.25%	#22	#21
2012	1.39%	1.33%	#23	#21
2013	1.35%	1.33%	#22	#20
2014	1.35%	1.22%	#22	#21
2015	1.50%	1.25%	#18	#19
2016	1.57%	1.23%	#18	#22
2017	1.52%	1.25%	#19	#24
2018	1.47%	1.29%	#21	#21
2019	1.51%	1.23%	#20	#22
2020	1.55%	1.17%	#19	#24
2021	1.48%	1.21%	#20	#22
2022	1.45%	1.22%	#23	#23
2023	1.47%	1.25%	#24	#22
2024	1.51%	1.32%	#21	#22

30 rows

Trading partners

China was Thailand's top trading partner in 2024, at 19.3% of total trade; the top five partners covered 48.4%.

Year

Top partner share: 19.3%
Top-5 share: 48.4%
Partners: 224
Partner HHI (0–1): 0.074

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United States $64.8B

China $40.7B

Japan $24.1B

Australia $14.0B

Singapore $13.6B

Malaysia $13.0B

India $12.4B

Vietnam $11.8B

Hong Kong $11.2B

Indonesia $9.7B

Germany $8.4B

Philippines $7.9B

South Korea $6.6B

Other Asia, nes $6.3B

United Arab Emirates $3.6B

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Top partners of Thailand in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$40,656 M	$84,081 M	$124,738 M	−$43,425 M
#2	United States	$64,834 M	$19,263 M	$84,096 M	$45,571 M
#3	Japan	$24,055 M	$26,588 M	$50,643 M	−$2,533 M
#4	Malaysia	$13,010 M	$13,624 M	$26,634 M	−$614 M
#5	Other Asia, nes	$6,279 M	$19,924 M	$26,203 M	−$13,645 M
#6	Singapore	$13,642 M	$7,786 M	$21,429 M	$5,856 M
#7	United Arab Emirates	$3,633 M	$17,362 M	$20,995 M	−$13,729 M
#8	Vietnam	$11,760 M	$9,146 M	$20,906 M	$2,614 M
#9	Australia	$14,002 M	$5,404 M	$19,406 M	$8,598 M
#10	Indonesia	$9,743 M	$8,574 M	$18,317 M	$1,168 M
#11	Hong Kong	$11,207 M	$6,692 M	$17,898 M	$4,515 M
#12	India	$12,396 M	$5,192 M	$17,588 M	$7,204 M
#13	South Korea	$6,643 M	$9,060 M	$15,703 M	−$2,417 M
#14	Germany	$8,417 M	$5,245 M	$13,663 M	$3,172 M
#15	Philippines	$7,876 M	$3,283 M	$11,159 M	$4,593 M

15 rows

Products & sectors

Product composition of Thailand's trade in 2024.

Year

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Concentration & risk

Thailand's export partners diversified over 1995–2024 — HHI 0.097 → 0.068, a diversified export base across 218 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Thailand per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.097	0.115	197	176
1996	0.092	0.102	195	183
1997	0.088	0.096	197	187
1998	0.089	0.088	200	188
1999	0.090	0.091	204	191
2000	0.089	0.090	217	208
2001	0.082	0.081	218	209
2002	0.080	0.082	216	206
2003	0.071	0.087	215	213
2004	0.068	0.084	217	210
2005	0.066	0.080	212	207
2006	0.065	0.074	217	211
2007	0.058	0.079	219	207
2008	0.053	0.069	215	215
2009	0.053	0.073	219	213
2010	0.055	0.079	217	216
2011	0.054	0.073	216	219
2012	0.056	0.082	218	217
2013	0.054	0.072	216	220
2014	0.053	0.073	223	223
2015	0.055	0.086	223	220
2016	0.055	0.091	220	222
2017	0.055	0.080	220	223
2018	0.054	0.079	223	222
2019	0.060	0.086	222	223
2020	0.067	0.100	216	221
2021	0.072	0.100	217	222
2022	0.069	0.092	216	223
2023	0.068	0.100	216	220
2024	0.068	0.107	218	222

30 rows

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