Thailand stands at the heart of the ASEAN Economic Community. It has the 2nd largest economy in Southeast Asia.
Thailand is well-connected to the fast-growing CLMV sub-region by excellent transportation infrastructure, including rail, road, water and airways. Businesses based in Thailand have access to a domestic market of 66 million people, with 52 million middle class consumers.
+39%
Foreign direct investments in 2022
(worth THB 665 billion)
Key Sectors
- Electronics
- EV supply chain
- Data centers
With 14 FTAs, Thailand offers the rewards of almost Tariff-free trade with 18 different nations, including Australia, China, New Zealand and South Korea, as well as the ASEAN community.
In 2021, Thailand has ratified the Regional Comprehensive Economic Partnership (RCEP) agreement which officially enters into force on January 1 st , 2022 and covers nearly one third of the world economy and population.
2022 THAILAND IN BRIEF
Total population = 66 million
GDP = USD 495 billion
GDP per Capita = USD 7,090
GDP Growth 2022 = 2.6%
Trade Balance = USD 11 billion
Minimum Wage = 328 THB/day
Top 10 Export
Total Value = USD 284.6 billion
COUNTRY/REGION
1. USA (17.2%)
2. China (12.0%)
3. Japan (8.7%)
4. Australia (4.3%)
5. Malaysia (4.2%)
6. Vietnam (3.9%)
7. Hong Kong (3.9%)
8. Singapore (3.6%)
9. India (3.6%)
10. Indonesia (3.5%)
PRODUCT
1. Auto Parts & Accessories (10.9%)
2. Computer, Equipment & Parts (6.3%)
3. Precious Stones & Accessories (5.2%)
4. Rubber Products (4.7%)
5. Refined Fuels (3.6%)
6. Electronic Integrated Circuits (3.4%)
7. Plastic Pellets (3.1%)
8. Machinery & Parts (3.1%)
9. Chemical Products (2.8%)
10. Iron & Steel Products (2.4%)
Top 10 Import
Total Value = USD 289.8 billion
COUNTRY/REGION
1. China (24.4%)
2. Japan (10.8%)
3. USA (6.7%)
4. Taiwan (5.7%)
5. United Arab Emirates (5.6%)
6. Malaysia (4.6%)
7. South Korea (3.0%)
8. Indonesia (2.9%)
9. Singapore (2.8%)
10. Vietnam (2.7%)
PRODUCT
1. Crude Oil (11.5%)
2. Electrical Machinery & Parts (7.4%)
3. Machinery & Parts (7.3%)
4. Electronic Integrated Circuits (6.8%)
5. Chemical Products (6.2%)
6. Iron & Steel Products (4.5%)
7. Jewelry, Gems Gold & Silver (4.1%)
8. Natural Gas (4.0%)
9. Other Metal Ores (3.9%)
10. Computer, Equipment & Parts (3.4%)