Thailand Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in thailand, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
Select Country Guide
Market Overview
Last published date:

Thailand is an upper middle-income country and the second largest economy in ASEAN after Indonesia. Its gross domestic product (GDP) in 2024 was $563 billion according to Thailand’s Budget Bureau. According to Thailand’s National Economic and Social Development Council (NESDC), the Thai economy grew by 2.5 percent in 2024, accelerating from 1.9 percent in 2023. The economic growth in 2024 was driven by the expansion of domestic private and government expenditures, and an increase in public investment. 

Two-way trade of goods in 2024 was $81.2 billion, with $63.3 billion in Thai exports to the United States and $17.9 billion in U.S. exports to Thailand. U.S. exports to Thailand increased by 15.0 percent, and U.S. imports from Thailand increased by 12.6 percent in 2024. A trade-dependent economy, Thailand exported a total of $300 billion worth of goods in 2024. In 2024, the United States was Thailand’s largest export market, followed by China. For two-way trade, China was Thailand’s biggest trading partner, followed by the United States and Japan.

NESDC projected that the Thai economy will expand between 2.3 and 3.3 percent in 2025, mainly supported by favorable growth in domestic private consumption, investment, and sustained recovery of the tourism sector and related services. Growth is expected to be moderate due to fluctuations in the global economy.

In 2025, the Thai government will focus on economic development in five areas: 

•    Preparing to cushion the impact of trade policy changes by key trading partners
•    Accelerating private investment to regain growth
•    Accelerating budget disbursement
•    Raising public awareness of existing government assistance programs that address household and business debt issues
•    Ensuring the continued expansion of the tourism sector

Political Environment 

Visit the State Department’s website for background on the country’s political and economic environment.

×

Global Business Navigator Chatbot Beta

Welcome to the Global Business Navigator, an artificial intelligence (AI) Chatbot from the International Trade Administration (ITA). This tool, currently in beta version testing, is designed to provide general information on the exporting process and the resources available to assist new and experienced U.S. exporters. The Chatbot, developed using Microsoft’s Azure AI services, is trained on ITA’s export-related content and aims to quickly get users the information they need. The Chatbot is intended to make the benefits of exporting more accessible by understanding non-expert language, idiomatic expressions, and foreign languages.

Limitations

As a beta product, the Chatbot is currently being tested and its responses may occasionally produce inaccurate or incomplete information. The Chatbot is trained to decline out of scope or inappropriate requests. The Chatbot’s knowledge is limited to the public information on the Export Solutions web pages of Trade.gov, which covers a wide range of topics on exporting. While it cannot provide responses specific to a company’s product or a specific foreign market, its reference pages will guide you to other relevant government resources and market research. Always double-check the Chatbot’s responses using the provided references or by visiting the Export Solutions web pages on Trade.gov. Do not use its responses as legal or professional advice. Inaccurate advice from the Chatbot would not be a defense to violating any export rules or regulations.

Privacy

The Chatbot does not collect information about users and does not use the contents of users’ chat history to learn new information. All feedback is anonymous. Please do not enter personally identifiable information (PII), sensitive, or proprietary information into the Chatbot. Your conversations will not be connected to other interactions or accounts with ITA. Conversations with the Chatbot may be reviewed to help ITA improve the tool and address harmful, illegal, or otherwise inappropriate questions.

Translation

The Chatbot supports a wide range of languages. Because the Chatbot is trained in English and responses are translated, you should verify the translation. For example, the Chatbot may have difficulty with acronyms, abbreviations, and nuances in a language other than English.

Privacy Program | Information Quality Guidelines | Accessibility