Does Thailand trade with other countries?

The country’s main trading partners are Japan, the United States, China, Singapore, and Malaysia. The most important import categories by value are machinery; chemicals and related products; petroleum; iron, steel, and other metals; and raw materials of various types.

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

What does Thailand export to other countries?

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 …

What is the main export of Thailand?

Thailand is an export oriented economy with exports accounting for around 65 percent of the GDP. The country mainly exports manufactured goods (86 percent of total shipments) with electronics (14 percent, vehicles (13 percent), machinery and equipment (7.5 percent) and foodstuffs (7.5 percent) being the most important.

What food does Thailand import the most?

Thailand is a leading global supplier of a wide variety of commodities and products including rice, rubber, cassava, sugar, seafood, poultry meat, frozen food, ready-to-eat foods and processed fruits and vegetables. The country is a regional and global food manufacturer , particularly for tuna, prawns and chicken.

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What can I export to Thailand?

What are people sending into Thailand?

  • Machinery and parts.
  • Crude Oil.
  • Electrical machinery and parts.
  • Chemicals.
  • Iron and Steel.
  • Automobile parts.
  • Jewellery, silver and gold bars.

How does Thailand make its money?

The economy of Thailand is dependent on exports, which accounted in 2019 for about sixty per cent of the country’s gross domestic product (GDP). … The industrial and service sectors are the main sectors in the Thai gross domestic product, with the former accounting for 39.2 percent of GDP.

Is Thailand a 3rd world country?

Because Thailand did not initially join the Allies or the Communism Bloc, it is a Third World country. … This means that Thailand has advanced farther relative to other countries, but has not yet reached the level of modern industrialized nations, such as the Western Nations.

Is Thailand richer than India?

India has a GDP per capita of $7,200 as of 2017, while in Thailand, the GDP per capita is $17,900 as of 2017.

Who is the richest man in Thailand?

The top 10 richest in Thailand are:

  • Chirathivat Family; $11.6 billion.
  • Sarath Ratanavadi; $8.9 billion.
  • Osathanugrah Family; $3.5 billion.
  • Somphote Ahunai; $3.3 billion.
  • Prasert Prasarttong-Osoth; $3.25 billion.
  • Prachak Tangkaravakoon; $3.2 billion.
  • Chuchat Petaumpai & Daonapa Petampai; $3 billion.
World Southeast Asia