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
Rice export prices increased one percent as exporters are securing rice supplies to fulfill contracted shipment despite the weakening of the Thai baht.
Rice export prices increased one percent due to the strengthening of the Thai baht that outweighed the downward pressure on domestic rice prices.
Thailand's food and beverage industry contributes significantly to the country's economy. Thailand aims to be one of the world's top ten processed food exporters by 2027 and a key global player in the "Future Food" market.
News and Features
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.
Leaders from three state agriculture departments and 29 U.S. agribusinesses and organizations will accompany U.S. Department of Agriculture Under Secretary Alexis M. Taylor on a trade mission to Southeast Asia October 30 – November 3 to expand export opportunities for U.S. food and farm products to the Association of Southeast Asian Nations (ASEAN), the world’s fourth-largest market.
Regardless of where you live or what language you speak, treating that special someone in your life to delicious food is a universal act of love. If you are looking for ideas on how to show your love this Valentine’s Day, look no further. The U.S...