Thailand Import Data
The Kingdom of Thailand is another name for Thailand. Thailand is located in the center of the Indochinese Peninsula in Southeast Asia. The nation is encircled by the Andaman Sea, Myanmar, Cambodia, Malaysia, Vietnam, and other nations. Thailand's economy is ranked among the 30 most complicated in the world according to the data. In today's interconnected world, trade plays a crucial role in the economic growth of countries. Thailand, known for its vibrant and diverse economy, heavily relies on imports to meet its domestic demands and support various industries.
According to the Thailand import data, Thailand imported goods worth $292.05 billion in 2023 with a decrease of 5% from the previous year. Thailand’s biggest import in 2023 included - Electrical machinery and equipment ($58.97 billion) while its biggest import partner is China. Thailand is also a part of major trading blocs such as ASEAN and WTO. Thailand’s total GDP is $514.95 billion. Thailand’s imports make up a 63.71% import share of the nation’s GDP. Understanding Thailand's import data becomes essential for businesses, policymakers, and analysts. Let us gain insights into the comprehensive guide to Thailand import data, highlighting its importance and key insights.