Thailand is an important trading partner and ally of the United States, dating back to the establishment of diplomatic ties in 1833 through the Treaty of Amity and Commerce. The United States and Thailand meet regularly under the auspices of our 2002 bilateral Trade and Investment Framework Agreement (TIFA) to address outstanding bilateral issues and coordinate on bilateral, regional, and multilateral issues. The latest information regarding significant trade barriers can be found in the 2024 National Trade Estimate Report, see here.
Thailand Trade Summary
U.S. goods trade with Thailand totaled an estimated $81.0 billion in 2024. U.S. goods exports to Thailand in 2024 were $17.7 billion, up 14.7 percent ($2.3 billion) from 2023. U.S. goods imports from Thailand totaled $63.3 billion in 2024, up 12.5 percent ($7 billion) from 2023. The U.S. goods trade deficit with Thailand was $45.6 billion in 2024, a 11.7 percent increase ($4.8 billion) over 2023.
