Thailand's exports, among various other factors, played a crucial role in the country’s recovery from the 1997-1998 Asian financial crisis.
The main destinations for Thailand’s exports are the rest of Asia and the US. The country also ranks high among the world's automotive export industries and electronic goods manufacturers.Thailand is also among the world's largest exporter of several agricultural products, such as rice, shrimps, tapioca, rubber and sugar.
The US is Thailand's largest export partner and the third-largest supplier after Japan and China. Although traditionally Thailand's major markets have been North America, Japan and Europe, economic recovery witnessed by Thailand's regional trading partners also helped boost growth in Thai export. The country has also increased its exports in some of its non-traditional export markets, including India, China and the Middle East.
As the Thai economy recovered from the 2008 global financial crisis, demand for its goods increased and Thai exports in 2010 surged by 25.1% from 2009. Thailand is a member of the World Trade Organization (WTO) and the Cairns Group of agricultural exporters.
Thailand's Import and Export Indicatiors at a Glance (2010)
Total value of exports: US$191.3 billion
Primary exports - commodities: textiles and footwear, fishery products, rice, rubber, jewelry, automobiles, computers and electrical appliances
Primary exports partners: US (10.9 percent of total exports), China (10.6 percent), Japan (10.3 percent)
Total value of imports: US$156.9 billion
Primary imports - commodities: capital goods, intermediate goods and raw materials, consumer goods, fuels
Primary imports partners: Japan (18.7 percent of total imports), China (12.7 percent), Malaysia (6.4 percent)