U.S. imports from Thailand account for 1.3% of overall U.S. imports in 2019. The top import categories (2-digit HS) in 2019 were: machinery ($8.4 billion), electrical machinery ($7.6 billion), rubber ($4.0 billion), vehicles ($1.2 billion), and optical and medical instruments ($1.2 billion).
What is Thailand main import?
Thailand mainly imports crude oil (9.6% of total imports), electronic integrated circuits and microassemblies (4.7%), gold including gold plated with platinum (2.9%), and parts for motor vehicles (6.5%).
What does Thailand import and export?
The country mainly exports manufactured goods (86 percent of total shipments) with electronics (14 percent, vehicles (13 percent), machinery and equipment (7.5 percent) and foodstuffs (7.5 percent) being the most important. Agricultural goods, mainly rice and rubber, account for 8 percent of total shipments.
What do we export to Thailand?
What are people sending into Thailand?
- Machinery and parts.
- Crude Oil.
- Electrical machinery and parts.
- Iron and Steel.
- Automobile parts.
- Jewellery, silver and gold bars.
What do we import from America?
Minerals, fuels, and oil – $189.9 billion. Electrical machinery and equipment – $176.1 billion. Aircraft and spacecraft – $139.1 billion. Vehicles and automobiles – $130.6 billion.
What is Thailand’s biggest industry?
The manufacturing sector constitutes Thailand’s main industry, producing a wide variety of goods such as textiles and garments, plastics, footwear, electronics, integrated circuits, computers and components, automobiles and parts, and cement.
Is Thai a poor country?
Even though Thailand is considered a development success story, it is still in the category of a developing nation. Between the 1980s and 2015, poverty in Thailand has greatly declined from 67 percent to 7.2 percent. … Currently, 10.5 percent of Thailand’s population is living below the poverty line.
What is Thailand’s number 1 export?
The top ten export items were machinery including computers: $40.2 billion (16.4% of total exports), electrical machinery, equipment: $33.9 billion (13.8%), vehicles: $28.9 billion (11.8%), gems, precious metals: $15.7 billion (6.4%), rubber, rubber articles: $15.3 billion (6.3%), plastics, plastic articles: $13.3 …
How is import duty calculated in Thailand?
Also, consumer goods imported into Thailand are subject to other taxes and fees, as listed below: – Import duty: 20-60% of CIF (cost, insurance and freight); … – Interior tax: 10% of excise tax; and VAT: 7% of CIF.
What is good to import from Thailand?
Major imports by India from Thailand are in the following sectors: Motor cars, parts and accessories, Parts of aircraft and accessories thereof, Machinery and parts thereof, , Radio-broadcast receivers, television receiver and parts, Iron and steel and their products, Polymers of ethylene, propylene, etc.
What are the main products of Thailand?
Rice is the major crop grown and Thailand is the world’s biggest rice exporter. Other crops grown in the country include: rubber, sugarcane, cassava, fruit, cashew nuts, corn, tobacco, cotton, cocoa, peanuts, soybeans, medical plants, dairy, and fishery products.
What is the capital city of Thailand?
What does Thailand export to us?
The top export categories (2-digit HS) in 2019 were: mineral fuels ($2.5 billion), electrical machinery ($2.3 billion), machinery ($1.1 billion), vehicles ($755 million), and optical and medical instruments ($606 million).
What country does us import the most from?
|—||Total, All Countries||1,093.7|
|—||Total, Top 15 Countries||863.7|
What is the United States #1 import?
Searchable List of America’s Most Valuable Import Products
|Rank||US Import Product||2020 Value (US$)|
|2||Computers, optical readers||$104,948,207,000|
|3||Phone system devices including smartphones||$102,547,452,000|
|4||Medication mixes in dosage||$95,175,568,000|
What is US biggest export?
Services are the biggest US export, with total foreign sales of $778 billion last year. … These are the service industries that bring in the most money: Travel and transportation: $236 billion.