Thailand
On this page you will find beneficial information regarding foreign direct investment in / trading with Thailand. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Constitutional Monarchy
Population: 71.60 million (2021)
GDP: 505.9 billion USD (2021)
Corporate Tax Rate: 20%
Personal Income Tax Rate: 35%
Major Exports: Office Machine Parts ($20.3B), Integrated Circuits ($11.2B), Cars ($10.9B), Delivery Trucks ($9.52B), and Motor vehicles; parts and accessories (8701 to 8705) ($8.44B), exporting mostly to United States ($45.3B), China ($37.7B), Japan ($25.1B), Vietnam ($12.5B), and Australia ($12.1B).
Major Imports: Crude Petroleum ($20.1B), Integrated Circuits ($11.3B), Gold ($8.05B), Petroleum Gas ($6.65B), and Motor vehicles; parts and accessories (8701 to 8705) ($6.49B), importing mostly from China ($69.6B), Japan ($31.2B), Malaysia ($12.7B), United States ($12.2B), and United Arab Emirates ($9.1B).
Investment Agency: Thailand Board of Investment
Website: https://www.boi.go.th/
National Chamber of Commerce: The Federation of Thai Industries
Website: https://www.fti.or.th/en/home
Customs Agency: Thai Customs Department
Website: https://www.customs.go.th/index.php?lang=en&
