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 forecasts Thailand’s rice and corn production to increase in MY 2024/25 due to acreage expansion and average yield improvement, compared to MY 2023/24.
The report details the Department of Agriculture's regulation on the criteria, methods, and conditions for certifying genome-edited plants. This regulation enables Thailand to access new plant varieties, enhancing the country’s ability to address food security and climate change challenges.
Rice export prices increased 2-4 percent due to the strengthening of the Thai baht and strong export demands for Thai rice.
Upcoming
All times in ET.
Sep 9
Sep 13
Trade Mission
Vietnam – September 2024
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
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.
News Release
USDA Announces Planned Trade Missions for 2024, Shares Next Steps for Regional Agricultural Promotion Program
Secretary Vilsack announced next steps in USDA's efforts to bolster U.S. agricultural trade, including the planned trade missions for 2024 and the opening of a public comment period for the new Regional Agricultural Promotion Program.