Thailand
U.S. Trade with Thailand in 2023
Export Market Rank
#22 Among U.S. Agricultural Export Markets
Total Export Value
$1.23 Billion
3-Year Average
$1.48 Billion
Compound Average Growth
-2.72% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Thailand in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Wheat | $236.49 Million | 656,727 | $185.07 Million | 53% |
| Soybeans | $154.12 Million | 240,173 | $387.33 Million | -36% |
| Other Feeds, Meals & Fodders | $98.69 Million | 81,642 | $108.54 Million | -7% |
| Dairy Products | $97.79 Million | 49,290 | $67.92 Million | 37% |
| Cotton | $92.71 Million | 39,641 | $170.91 Million | -51% |
| Food Preparations | $79.34 Million | 2,547 | $114.99 Million | -13% |
| Distillers Grains | $79.13 Million | 244,480 | $119.8 Million | -4% |
| Tree Nuts | $59.78 Million | 11,326 | $38.63 Million | 80% |
| Hides & Skins | $49.7 Million | --- | $70.79 Million | -1% |
| Essential Oils | $42.28 Million | 1,587 | $47.17 Million | -15% |
Data and Analysis
FAS/Bangkok (Post) forecasts MY 2024/25 sugar production to increase to 10.2 MMT. MY 2023/24 sugar exports are likely to decline 26 percent due to competition from Brazil. Post expects sugar exports to double in MY 2024/25 from MY 2023/24 in anticipation of tight exportable sugar supplies in the major exporting countries.
Rice export prices further dropped 1-6 percent from the previous week in response to the removal of India’s rice export ban, despite the strengthening of the Thai baht.
This report provides an overview of Thailand’s food retail sector along with the latest market updates. Thailand's retail industry continued to evolve and improve, driven by increasing consumer demand for convenience.
Upcoming
All times in ET.
Feb 3
Feb 6
2025
Trade Mission
Thailand - February 2025
Mar 12
Mar 14
2025
Trade Show
|
USDA Endorsed
VIV Asia
Bangkok, Thailand
May 27
May 31
2025
Trade Show
|
USDA Endorsed
THAIFEX ANUGA Asia
Bangkok, Thailand
News and Features
U.S. Department of Agriculture Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor arrived in Ho Chi Minh City today to launch a USDA-sponsored agribusiness trade mission.
Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor will lead a U.S. Department of Agriculture trade mission to Ho Chi Minh City and Hanoi, Vietnam, Sept. 9-13, joined by representatives from 58 agribusinesses and organizations and nine state governments that represent the diversity of U.S. agriculture.
The U.S. Department of Agriculture’s Foreign Agricultural Service is accepting applications from current and potential U.S. exporters for a trade mission to Vietnam, Sept. 9-13, 2024. Participants will attend events in Ho Chi Minh City and Hanoi, and will also have the opportunity to engage with visiting buyers from Burma (Myanmar), Cambodia and Thailand.