• Analysis and Studies
• Thailand: a look at the market!

Thailand has a rich historical and artistic heritage and offers travelers access to ancient ruins, temples, and abandoned cities. Tourists enjoy its beautiful beaches and magical islands. It shares borders with Myanmar (Burma) on the west, Laos on the north and east, Cambodia on the southeast, and the Gulf of Thailand on the south. With mainly tropical weather, it is a natural paradise. 

The country's economy experienced constant growth between 1963 and 1997, ranking as one of the fastest growing economies in the world. From a predominantly agricultural economy, it gradually transitioned to a truly industrialized one. Since the 1980s, Thailand has opened its borders to world trade, becoming a solid player on an international scale. The capital is Bangkok, the country's cultural, commercial, and financial center. Thailand is strongly dependent on foreign commerce, with exports accounting for around two-thirds of GDP, and has a comparatively well-developed infrastructure, a free-enterprise economy, and generally pro-investment policies. The country’s exports are estimated at a total of $243 billion in 2020. Its major economic partners are the United States, China, Japan, Vietnam, Hong Kong, Malaysia, and Singapore.

Let’s look in depth at Thailand’s import and export: in 2020, the main exported products were office machine parts ($17.2 billion), gold ($14.3 billion), integrated circuits ($9.17 billion), cars ($8.28 billion), and vehicle parts ($6.54 billion). Crude petroleum ($15 billion), integrated circuits ($9.32 billion), gold ($5.07 billion), vehicle parts ($4.95 billion), and broadcasting equipment ($4.6 billion) were the top imports.

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