[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · THA · 2024
Thailand trade profile
In 2024, Thailand recorded $316.5B in merchandise exports and $294.6B in imports, producing a $21.9B trade surplus. Exports changed +5.7% from the previous year, while imports changed +4.6%.[1]
Exports
$316.5B
+5.7%
Imports
$294.6B
+4.6%
Trade balance
$21.9B
surplus
Active partners
270
19 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$61.4B
HS 85 · Electrical machinery
262 active HS6 lines · 193 export partners
2$53.5B
HS 84 · Machinery
515 active HS6 lines · 196 export partners
3$35.8B
HS 87 · Vehicles
87 active HS6 lines · 195 export partners
4$19.3B
HS 40 · HS chapter
80 active HS6 lines · 193 export partners
5$16.8B
HS 71 · Precious metals and stones
51 active HS6 lines · 163 export partners
6$13.2B
HS 39 · HS chapter
129 active HS6 lines · 193 export partners
7$9.7B
HS 27 · Mineral fuels and oils
43 active HS6 lines · 144 export partners
8$7.4B
HS 90 · HS chapter
142 active HS6 lines · 187 export partners
Leading export markets
Destinations rank bilateral export flows from Thailand; growth describes each corridor rather than the whole economy.
1$57.0B
United States
Annual change +12.8% · 3-year CAGR 9.6%
2$41.7B
China
Annual change -1.9% · 3-year CAGR -5.9%
3$23.3B
Japan
Annual change -1.4% · 3-year CAGR -2.4%
4$12.9B
Vietnam
Annual change +14.6% · 3-year CAGR 1.4%
5$12.8B
Australia
Annual change +2.9% · 3-year CAGR 5.1%
6$11.9B
Malaysia
Annual change +3.9% · 3-year CAGR 3.2%
7$11.5B
India
Annual change +14.1% · 3-year CAGR 11.2%
8$10.9B
Singapore
Annual change -3.4% · 3-year CAGR 5.4%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.