What do people trade in Thailand?
The country mainly exports manufactured goods, electronics, vehicles, machinery, equipment, foodstuff, agricultural goods; mainly rice and rubber. Major export partners are China, Japan, the United States and the European Union. Thailand has recorded a trade deficit over the years.
What is the main trade of Thailand?
Searchable List of Thailand’s Most Valuable Export Products
|Rank||Thai Export Product||Change|
|2||Computers, optical readers||-1.4%|
What is Thailand’s main source of income?
Thailand, Southeast Asia’s second-largest economy, has grown in the past generation or two from an undeveloped country to what the World Bank calls a “middle-income” country. Its three main economic sectors are agriculture, manufacturing, and services.
What trade barriers exist in Thailand?
Thailand is not a signatory to the WTO Agreement on Government Procurement. As such, high tariffs in certain sectors also remain an impediment to market access. Nontariff barriers such as licensing, labeling requirements, and localization barriers impede commerce.
Is Thailand a member of the EU?
Thailand is the EU’s 26th largest trading partner worldwide.
Is Thailand a member of the WTO?
Thailand has been a WTO member since 1 January 1995 and a member of GATT since 20 November 1982.
Who is Thailand’s biggest trade partner?
Thailand top 5 Export and Import partners
|Market||Trade (US$ Mil)||Partner share(%)|
What is Thailand’s biggest import?
Thailand’s Top Imports
- Crude petroleum – $23.7 billion.
- Gold – $7.94 billion.
- Petroleum gas – $6.96 billion.
- Refined petroleum – $4.94 billion.
- Refined copper – $2.57 billion.
What can I import to Thailand?
Also shown is the percentage share each product category represents in terms of overall imports into Thailand.
- Electrical machinery, equipment: US$43.5 billion (20.8% of total imports)
- Mineral fuels including oil: $28.8 billion (13.8%)
- Machinery including computers: $26 billion (12.5%)
- Vehicles: $9.5 billion (4.6%)
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 can I export to Thailand?
What are people sending into Thailand?
- Machinery and parts.
- Crude Oil.
- Electrical machinery and parts.
- Iron and Steel.
- Automobile parts.
- Jewellery, silver and gold bars.