Who is Thailand’s biggest trading partner?

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

Who does Thailand trade with the most?

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 #1 trading partner?

Year-to-Date Total Trade

Rank Country Imports
Total, All Countries 1,093.7
Total, Top 15 Countries 853.3
1 Mexico 153.4
2 Canada 136.1

Who does Thailand import from?

Imports: The top imports of Thailand are Crude Petroleum ($18.3B), Integrated Circuits ($8.5B), Petroleum Gas ($7.09B), Vehicle Parts ($6.15B), and Gold ($5.12B), importing mostly from China ($45.7B), Japan ($28.9B), United States ($13.7B), Malaysia ($13B), and Singapore ($9.03B).

What is Thailand’s biggest export?

Thailand’s Top Exports

  • Refined petroleum – $7.84 billion.
  • Rice – $5.77 billion.
  • Rubber – $4.63 billion.
  • Gold – $4.41 billion.
  • Diamonds – $1.52 billion.

5.03.2021

What can I export to Thailand?

Major exports by India to Thailand are in the following sectors : Fresh aquatic animals, chilled, frozen, processed and instant, Electrical machinery and parts, Medicinal and pharmaceutical products, other metal ores, metal waste scrap, and products, Vegetables and vegetable products, Chemicals, Jewellery including …

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What religion is Thailand?

The vast majority of people in Thailand are adherents of Buddhism. The Theravada tradition of Buddhism came to Thailand from Sri Lanka and is shared by peoples in Myanmar, Laos, Cambodia, and parts of southern China and southern Vietnam.

Who is China’s biggest customer?

At $20.49 trillion, the United States boasts the largest economy in the world and is China’s largest trading partner. Last year, the total value of bilateral trade between the two countries was $737.1 billion, with U.S. imports from China valued at $557.9 billion and U.S. exports to China valued at $179.3 billion.

Who is the world’s largest importer?

In 2019, the U.S. were the leading import country in the world with an import value of about 2.57 trillion US dollars. Import and export are generally important pillars of a country’s economy. The trade balance of a country shows the relationship between the values of a country’s imports and exports.

What is America’s biggest import?

What Are the Major U.S. Imports?

  • Machinery (including computers and hardware) – $386.4 billion.
  • Electrical machinery – $367.1 billion.
  • Vehicles and automobiles – $306.7 billion.
  • Minerals, fuels, and oil – $241.4 billion.
  • Pharmaceuticals – $116.3 billion.
  • Medical equipment and supplies – $93.4 billion.

17.12.2019

What is Thailand’s biggest industry?

The manufacturing sector constitutes Thailand’s main industry, producing a wide variety of goods such as textiles and garments, plastics, footwear, electronics, integrated circuits, computers and components, automobiles and parts, and cement.

Is Thai a poor country?

Even though Thailand is considered a development success story, it is still in the category of a developing nation. Between the 1980s and 2015, poverty in Thailand has greatly declined from 67 percent to 7.2 percent. … Currently, 10.5 percent of Thailand’s population is living below the poverty line.

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What is the biggest company in Thailand?

2021 Forbes list

Rank Forbes 2000 rank Name
1 234 PTT Public Company Limited
2 648 Siam Cement Group
3 705 Kasikornbank
4 791 Siam Commercial Bank

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.

Why is Thailand’s economy so strong?

The currency had surged since November, helped by strong economic fundamentals. The emergence of COVID-19 vaccines had also given Thailand hope for an earlier-than-expected recovery in foreign tourist arrivals. … The strong baht, however, hurts exports and tourism at a time when Thailand is trying to revive its economy.

Is Thailand’s economy good?

Thailand is one of the great development success stories. Due to smart economic policies it has become an upper middle income economy and is making progress towards meeting the Sustainable Development Goals.

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