What is the value of US trade with Thailand?
Updates published annually
$67 billion in imports and $21.4 billion in exports in 2024. That means that the US imported $45.6 billion more from Thailand than we exported to it. Benefits of trade can include higher wages and job growth, a wider variety of products available at lower prices, increased productivity, and more efficient resource allocation.
$67B
Value of imports from Thailand to the US (2024)
$21.4B
Value of exports from the US to Thailand (2024)
Exports are goods and services the US sells to other countries. Imports are goods and services the US buys from other countries. Combining the value of imports and exports shows us how much trade happens between the US and other countries.
The Bureau of Economic Analysis (BEA) provides data for 71 of the US' trading partners (though not necessarily the top 71 trading partners). The partners they track accounted for 94.3% of total trade with the US in 2024.
BEA data ranks Thailand as the US’ 19th top trading partner: In 2024, the US traded $88.4 billion in goods and services with Thailand. Countries with similar trade values include Australia ($90B) and Malaysia ($86.4B).
In 2024, the US traded $88.4 billion in goods and services with Thailand.
Total trade value (imports + exports) with the US (2024), by select countries
Another way to look at international trade is through trade balance. A nation that imports more than it exports, has a trade deficit. One that exports more than it imports has a trade surplus. Neither is inherently good or bad; trade balance is just a metric that shows the relationship between imports and exports.
The US has had a trade deficit with Thailand every year from 1999 through 2024. The 2024 deficit was $45.65 billion, an increase from 2023's deficit of $40.52 billion.
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The trade deficit with Thailand increased to $45.6B in 2024.
Annual trade balance with Thailand, not adjusted for inflation
In 2024, 94.6% of imports from Thailand to the US were goods. The largest category was capital goods (tools used for the production process, like machinery and equipment), accounting for $35.4 billion. The top three imports were capital goods, consumer goods (goods and services purchased by individuals for personal use, like clothing and cellphones), and automotive vehicles and parts. These categories accounted for $52.8 billion of total imports.
The other 5.4% were services, with travel being the largest service category. Travel (money leaving the US by Americans spending on things like lodging, meals, transportation, and entertainment abroad) accounted for $2.3 billion.
Capital goods made up 52.9% of US imports from Thailand in 2024.
US imports from Thailand by category (2024)
In 2024, more US exports to Thailand were goods — 83.8%. The largest export was industrial supplies and materials (items used up in the production process, like oil, chemicals, and plastic), which accounted for a value of $8.09 billion. The top three exports were industrial supplies and materials, capital goods, and consumer goods. These categories accounted for $15 billion of exports to Thailand.
The other 16.2% were services, with travel being the largest service category. Travel (money entering the US from foreign visitors on expenses like lodging, meals, transportation, and entertainment) accounted for $714 million.
Industrial supplies and materials made up 37.9% of US exports to Thailand in 2024.
US exports to Thailand by category (2024)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
