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Import News
2025-08-26
In 2024, Thailand purchased goods from abroad valued at US$310.2 billion.
This figure marks a 48.7% increase compared to the $208.6 billion recorded in 2020.
On a year-over-year basis, Thailand's import bill rose by 6.2%, up from $292.1 billion in 2023.
Thai imports in 2024 accounted for about 1.3% of the world's total imports, which reached $24.1 trillion. That share was slightly lower than the 1.4% recorded in 2023.
From a currency perspective, the Thai baht depreciated by -1.4% against the US dollar in 2024 compared with 2023. This weaker exchange rate made imported goods priced in US dollars more expensive when converted into baht.
Leading Suppliers of Thailand's Imports
Recent trade statistics indicate that 74.3% of Thailand's imports were sourced from just a dozen countries. The largest contributors were:
1. China (26.2%)
2. Japan (9.3%)
3. Taiwan (6.7%)
4. United States (6.4%)
5. United Arab Emirates (5.6%)
6. Malaysia (4.5%)
7. South Korea (3%)
8. Vietnam (2.97%)
9. Indonesia (2.9%)
10. Singapore (2.4%)
11. Switzerland (2.3%)
12. Hong Kong (2%)
By continent, Asian exporters dominated with 76.8% of Thailand's purchases. Meanwhile, Europe and North America each supplied 7.2% of total imports. Smaller portions came from Oceania (2.4%), Latin America (2.1%) excluding Mexico, and Africa (1.6%).
With a population of 70.3 million people, Thailand's 2024 import spending equals roughly $4,400 per person, an increase from $4,150 in 2023.
Thailand's Top 10 Imported Products in 2024
Thailand's biggest import categories in 2024, along with their value and share of overall imports, were as follows:
1. Electrical machinery & equipment: $65.6B (21.2%)
2. Mineral fuels including oil: $51.8B (16.7%)
3. Machinery including computers: $36.4B (11.7%)
4. Gems & precious metals: $21.6B (7%)
5. Iron & steel: $11.2B (3.6%)
6. Vehicles: $10.9B (3.5%)
7. Plastics & plastic goods: $10.7B (3.4%)
8. Articles made of iron or steel: $8.6B (2.8%)
9. Optical, technical & medical devices: $6.9B (2.2%)
10. Copper: $5.8B (1.9%)
Together, these ten categories accounted for 73.9% of Thailand's total imports in 2024.
The strongest growth came from:
·Gems & precious metals (+58.9%), boosted by higher gold imports
·Machinery including computers (+17.2%)
·Electrical machinery & equipment (+11.3%)
·The biggest drop was seen in vehicles (-26.6%).
At a more detailed HS 4-digit level, Thailand's top imports were:
1. Crude oil (10.9%)
2. Integrated circuits & microassemblies (8%)
3. Unwrought gold (5%)
4. Petroleum gases (3.1%)
5. Computers & optical readers (2.7%)
6. Smartphones & mobile devices (2.4%)
7. Automotive parts & accessories (1.9%)
8. Iron or steel products (1.3%)
9. Refined petroleum oils (1.3%)
10. Computer components (1.2%)
These items together represented 37.9% of total import spending.
Thailand's Top Importing Companies (2024)
Businesses looking to enter the Thai market need strong buyer connections. With tools like Tendata, companies can search by HS codes, analyze buyer demand, and directly access verified contact information—cutting down the time to market.
For example, in the automotive sector, Tendata data highlights the following top 10 Thai importers in 2024:
1.บจก.เฟดเดอรัล เอ็กซ์เพรส (ประเทศไทย)(0.96%)
2.บจก.ยูพีเอส พาร์เซล ดีลิเวอร์รี่ เซอร์วิส(0.83%)
3.บมจ.เคอรี่ เอ็กซ์เพรส (ประเทศไทย)(0.83%)
4.บจก.ดีเอชแอล เอ๊กซ์เพรส (ประเทศไทย)(0.76%)
5.บจก.กากันท์ (ประเทศไทย)(0.48%)
6.บจก.คริสเตียน ดิออร์ (ไทยแลนด์)(0.48%)
7.บจก.หลุยส์ วิตตอง (ไทยแลนด์)(0.48%)
8.ส่วนบริการศุลกากรไปรษณีย์และอากาศยาน(0.48%)
9.บจก.คลับ 21 (ประเทศไทย)(0.41%)
10.บจก.ดีดี อินเตอร์ กรุ๊ป(0.41%)
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