Who is the big 5 trading partner of Thailand?

Who are our top 5 trading partners?

The top five purchasers of U.S. goods exports in 2019 were: Canada ($292.6 billion), Mexico ($256.6 billion), China ($106.4 billion), Japan ($74.4 billion), and the United Kingdom ($69.1 billion).

What is the biggest export of Thailand?

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.

What is Thailand’s main trade?

Thailand is an export oriented economy with exports accounting for around 65 percent of the GDP. The country mainly exports manufactured goods (86 percent of total shipments) with electronics (14 percent, vehicles (13 percent), machinery and equipment (7.5 percent) and foodstuffs (7.5 percent) being the most important.

What countries export to Thailand?

Thailand top 5 Export and Import partners

Exporter Trade (US$ Mil) Partner share(%)
China 45,793 21.12
Japan 30,297 13.97
United States 16,062 7.41
Malaysia 11,884 5.48

Who is our biggest trading partner?

List of the largest trading partners of the United States

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Rank Country/District Imports
World 2,341,963
European Union 434,633
1 China 505,470
2 Canada 299,319

Who is China biggest trade partner?

China’s Top Trading Partners

  • United States: US$452.6 billion (17.5% of China’s total exports)
  • Hong Kong: $272.7 billion (10.5%)
  • Japan: $142.6 billion (5.5%)
  • Vietnam: $113.8 billion (4.4%)
  • South Korea: $112.5 billion (4.3%)
  • Germany: $86.8 billion (3.4%)
  • Netherlands: $79 billion (3%)
  • United Kingdom: $72.6 billion (2.8%)

Who are Thailand biggest trading partners?

Thailand: Major import sources Encyclopædia Britannica, Inc. The country’s main trading partners are Japan, the United States, China, Singapore, and Malaysia.

Who imports to Thailand?

The most recent imports of Thailand are led by Crude Petroleum ($18.3B), Integrated Circuits ($8.5B), Petroleum Gas ($7.09B), Vehicle Parts ($6.15B), and Gold ($5.12B). The most common import partners for Thailand are China ($45.7B), Japan ($28.9B), United States ($13.7B), Malaysia ($13B), and Singapore ($9.03B).

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.

What is Thailand’s imports and exports?

Overall Exports and Imports for Thailand 2019

The total value of exports (FOB) is US$ 233,674 million. The total value of imports (CIF) is US$ 216,805 million. At the HS6 digit level, 4,301 products are exported to 226 countries and 4,453 products are imported from 228 countries.

Who is Vietnam largest trading partner?

Vietnam top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States 61,404 23.21
China 41,434 15.66
Japan 20,427 7.72
Korea, Rep. 19,729 7.46
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What kind of market is Thailand?

With a free-market economy, the Kingdom has a strong domestic market and a growing middle class, with the private sector being the main engine of growth. The Thai economy is well integrated into the global marketplace, with exports accounting for over 70 percent of the Kingdom’s GDP.

What is famous in Thailand to buy?

Here’s a list of 18 Souvenirs to Buy from Thailand:

  • Thai Silk.
  • Thai spices.
  • Thai Spa Products.
  • Soap Carvings.
  • Handmade Bags.
  • Thai handicraft.
  • Thai Snacks.
  • Thai Trinkets.

What was Thailand originally called?

The country was renamed on June 23rd, 1939.

What is the main income of Thailand?

The economy of Thailand is dependent on exports, which accounted in 2019 for about sixty per cent of the country’s gross domestic product (GDP). Thailand itself is a newly industrialized country, with a GDP of 16.316 trillion baht (US$505 billion) in 2018, the 8th largest economy of Asia, according to the World Bank.