With a population of some 65 million, Thailand exported US$22.5 billion worth of merchandise to the United States in 2006, up 13% from 2005 and up 52% in 4 years.
Thai imports from the U.S. rose 12.3% to $8.2 billion in 2006, up 67.7% since 2002.
In terms of the merchandise flow between the two countries, America’s trade deficit with Thailand was $14.3 billion in 2006, up 44.2% from 2002. The U.S. trade deficit with Thailand increased 13.3% in 2006 – up slightly from the 12.7% deficit increase in 2005 from the year earlier.
Thai Exports to U.S.
Of the $22.5 billion in American imports from Thailand in 2006, the following product categories had the highest values.
- Computer accessories, peripherals & parts … US$3.1 billion (13.9% of Thailand from U.S. imports, up 18.1% from 2005)
- Telecommunications equipment … $2.1 billion (9.5%, down 23%)
- Fish & shellfish … $1.8 billion (8.1%, up 18.7%)
- Televisions, DVD players & other video equipment … $1.5 billion (6.5%, up 16.2%)
- Cotton apparel & household furnishings … $1.2 billion (5.3%, down 0.4%)
- Jewellery … $1.2 billion (5.3%, up 14%)
- Semiconductors & related devices … $928.6 million (4.1%, up 39.2%)
- Other textile apparel & household furnishings … $709.7 million (3.2%, up 4.3%)
- Car parts & accessories … $637 million (2.8%, up 30%)
- Other scientific, medical & hospital equipment … $437.2 million (1.9%, up 1.6%).
Fastest-Growing Thai Exports to U.S.
Below are American imports from Thailand in 2006 with the highest percentage sales increases from 2005.
- Aluminum … US$5.8 million (up 1,939% from 2005)
- Tin … $2 million (up 447%)
- Crude oil … $169.3 million (up 288%)
- Mining & oil processing equipment … $2.3 million (up 241%)
- Textile, sewing & leather working equipment … $4.5 million (up 200%).
Thai Imports from U.S.
Of the $8.2 billion in American exports to Thailand in 2006, the following product categories had the highest values.
- Semiconductors …US$1.4 billion (17.5% of Thailand to U.S. exports, down 7.7% from 2005)
- Civilian aircraft … $899.3 million (11%, up 2014%)
- Computer accessories … $787 million (9.7%, up 12.7%)
- Telecommunications equipment … $259.7 million (3.2%, down 35.1%)
- Other industrial machines … $257.2 million (3.2%, up 2.6%)
- Electric apparatus … $204.8 million (2.5%, up 0.8%)
- Plastic materials … $203.4 million (2.5%, up 13.2%)
- Measuring, testing & control instruments … $177.2 million (2.2%, down 0.6%)
- Other petroleum products … $172 million (2.1%, up 31.3%)
- Other chemicals … $160.4 million (2%, up 27.5%).
Fastest-Growing Thai Imports from U.S.
Below are American exports to Thailand in 2006 with the highest percentage sales increases from 2005.
- Civilian aircraft … $899.3 million (up 2014% from 2005)
- Parts for military equipment … $51.5 million (up 120%)
- Iron & steel mill products … $11.9 million (up 105%)
- Non-metallic minerals … $10.4 million (up 81.3%)
- Generators & accessories … $65.3 million (up 81%).
See also Thailand's Top Imports & Exports 2008.
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
