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Trade in Thailand

Thailand was the world’s 28th largest exporter of goods and 32nd largest exporter of commercial services in 2022. Export values were $287.43 billion and $40.58 billion USD respectively. Thailand’s top export category was Manufactures, followed by Machinery and transport equipment, and Agricultural products. In 2022, Thailand’s main export destination markets for goods and services trade were to United States, China and Japan, with trade representing 133.88 per cent of GDP. In terms of imports, Thailand is the world’s 23rd largest importer of goods and 25th largest importer of commercial services. Import values were $301.03 billion and $62.71 billion USD respectively in 2022. Thailand’s top import category was Manufactures, followed by Machinery and transport equipment and Fuels and mining products. Leading import partners were China, Japan and United States. Thailand is part of 15 different Regional Trade Agreements, including ASEAN – Australia – New Zealand and ASEAN – China.
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Kingdom of Thailand

Abbreviation

TH

Capital

Bangkok

WTO Membership Date

1 January 1995

Legal System

civil law system with common law influences

Language

Thai

Number of Time Zone(s)

1

Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.

Currency

Thai baht

Exchange Rate

Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.
  • Bank of America NA Bangkok - Bangkok, Thailand - SWIFT: BOFATH2X

  • Bank of Ayudhya PCL - Bangkok, Thailand - SWIFT: BOTKTHBX (previously BTMU)

  • Bank of China Bangkok - Bangkok, Thailand - SWIFT: BKCHTHBK

  • BNP Paribas Bangkok - Bangkok, Thailand - SWIFT: BNPATHBK

  • CIMB Thai Bank Public Company Limited - Bangkok, Thailand - SWIFT: UBOBTHBK

  • Citibank NA Bangkok - Bangkok, Thailand - SWIFT: CITITHBX

  • Deutsche Bank AG Bangkok - Bangkok, Thailand - SWIFT: DEUTTHBK

  • Kasikornbank Public Company Limited - Bangkok, Thailand - SWIFT: KASITHBK

  • Mizuho Bank, Ltd Bangkok - Bangkok - Thailand - SWIFT: MHCBTHBK

  • Sumitomo Mitsui Banking Corporation - Bangkok - Thailand - SWIFT: SMBCTHBK

  • Standard Chartered Bank (Thai) Public Company Limited - Bangkok, Thailan - SWIFT: SCBLTHBX

  • The Siam Commercial Bank Public Company Limited - Bangkok, Thailand - SWIFT: SICOTHBK

  • TMB Bank Public Company Limited - SWIFT - TMBKTHBK

  • United Overseas Bank Thai Public Company Limited - Bangkok, Thailand - SWIFT: BKASTHBK

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

Government MSME Agency

  • SME ONE: the platform compiling public and private intelligent projects

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  • Office of SME Promotion of the Ministry of Industry

  • Thailand SME Promotion Plan

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  • The SME Knowledge Center Project via the comprehensive SME One-Stop Service Center (OSS)

  • The SME Online Project: the development of e-market format for SMEs

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  • Export-Import Bank of Thailand (EXIM Thailand)

  • Office of Small and Medium Enterprises Promotion (OSMEP)

  • SME Development Bank

  • The Department of International Trade Promotion (DITP)

  • The Ministry of Industry

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • National Bureau of Agricultural Commodity and Food Standards (ACFS)
    Phone: +(662) 561 2277 ext. 1317
    Website: www.acfs.go.th

    50 Phaholyothin Road, Ladyao

    [email protected]@gmail.com

TBT Enquiry Points

Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements.
  • For Technical Regulations relating to industrial products:
    Thai Industrial Standards Institute (TISI)
    Phone: +(66 2) 430 6831 ext. 2130
    Website: http://www.tisi.go.th

    Rama VI Street
    Bangkok 10400

    [email protected]

Additional Information

ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

http://itd.customs.go.th/igtf/en/main_frame.jsp

Trade Information Portal

http://www.thailandntr.com/en

Last Reviewed: June, 2024

Businesses & Entrepreneurs

Find a concise overview of key aspects of international trade for micro, small, and medium-sized enterprises with our Businesses & Entrepreneurs Guides.

Policymakers & Researchers

Find a concise overview of key aspects of trade and MSME-related policymaking with our dedicated library of Policymakers & Researchers Guides.

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