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The economy of Thailand is dependent on exports, which accounted in 2021 for about 58 per cent of the country's gross domestic product (GDP). [25] Thailand itself is a newly industrialized country, with a GDP of 17.922 trillion baht (US$514.8 billion) in 2023, the 9th largest economy in Asia. [26]
Thailand's food exports average one trillion baht annually. Locally consumed foods earn two trillion baht annually in the domestic market. Thailand is a leading food exporter: rice is the chief export, accounting for about 17.5 percent of all food exports, followed by chicken, sugar, processed tuna, tapioca flour, and shrimp.
Merchandise exports are goods that are produced in one country and sold to another country. Only physical objects are counting under this kind of exports. For example, cars, clothing, machinery, and agricultural products are merchandise exports. Exports of services are excluded.
Thailand exports over US$105 billion worth of goods and services annually. [1] Major exports include cars, computers, electrical appliances, rice, textiles and footwear, fishery products, rubber, and jewellery. [1] Thailand is an emerging economy and is considered a newly industrialised country.
To counter soft demand for Thai exports and low investor confidence, Srettha and his 11-party government have promised to revive Southeast Asia's second-biggest economy with a series of populist ...
Map of countries by exports, 2023. The following article lists different countries and territories by their exports according to data from the World Bank. Included are merchandise exports and service exports. Merchandise exports are goods that are produced in one country and sold to another country. Service exports refer to the cross-border ...
The decrease is attributed to the strong baht, floods and drought, and increased competition, according to the Thai Rice Exporters Association. [9] [47] Thailand's rice export forecast for 2020 is 7.5 million metric tons (8.3 million short tons). [17] Ubon Ratchathani Province is the nation's leading rice-producer. It earns more than 10 billion ...
Location of Thailand. Thailand is a country at the centre of the Indochinese peninsula in Southeast Asia. The Thai economy is the world's 20th largest by GDP at PPP and the 27th largest by nominal GDP. It became a newly industrialised country and a major exporter in the 1990s. Manufacturing, agriculture, and tourism are leading sectors of the ...