Thailand is an important trading partner and ally of the United States, dating back to the establishment of diplomatic ties in 1833 through the Treaty of Amity and Commerce. The United States and Thailand meet regularly under the auspices of our 2002 bilateral Trade and Investment Framework Agreement (TIFA) to address outstanding bilateral issues and coordinate on bilateral, regional, and multilateral issues.. The latest information regarding significant trade barriers can be found in the 2021 National Trade Estimate Report, see here.
Thailand Trade & Investment Summary
U.S. goods and services trade with Thailand totaled an estimated $79.1 billion in 2022. Exports were $18.6 billion; imports were $60.5 billion. The U.S. goods and services trade deficit with Thailand was $41.9 billion in 2022.
U.S. goods exports to Thailand in 2022 were $15.8 billion, up 25.1 percent ($3.2 billion) from 2021 and up 45 percent from 2012. U.S. goods imports from Thailand totaled $58.7 billion in 2022, up 23.8 percent ($11.3 billion) from 2021, and up 125 percent from 2012. The U.S. goods trade deficit with Thailand was $42.8 billion in 2022, a 23.4 percent increase ($8.1 billion) over 2021.
U.S. exports of services to Thailand were an estimated $2.8 billion in 2022, 15.2 percent ($371 million) more than 2021, and 12 percent greater than 2012 levels. U.S. imports of services from Thailand were an estimated $1.9 billion in 2022, 81.4 percent ($838 million) more than 2021, and 21 percent greater than 2012 levels. Leading services exports from the U.S. to Thailand were in the financial services, intellectual property, and travel sectors. The United States had a services trade surplus of an estimated $939 million with Thailand in 2022, down 33.2 percent from 2021.
U.S. foreign direct investment (FDI) in Thailand (stock) was $15.8 billion in 2022, a 2.8 percent increase from 2021. U.S. direct investment in Thailand is led by manufacturing, depository institutions, and wholesale trade.
Thailand's FDI in the United States (stock) was $2.9 billion in 2022, up 67.4 percent from 2021.
