Thailand

Thailand ranked No. 20 in total trade value through July with a total of $27.44 billion. Exports totaled $6.8 billion and Imports totaled $20.64 billion, a deficit of $13.84 billion.

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U.S. trade with Thailand rose to $27.44 billion through July

Thailand’s trade with the United States rose to $27.44 billion through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.94 percent above its total trade during the same time period last year. U.S. exports to Thailand decreased 10.19 percent while U.S. imports from Thailand rose 9.62 percent. The U.S. deficit with Thailand was $13.84 billion.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Los Angeles International Airport; No. 3 Port of Long Beach; No. 4 Port of Newark; and No. 5 Chicago O’Hare International Airport. During the same period the previous year, the top five were No. 1 Port of Los Angeles; No. 2 Los Angeles International Airport; No. 3 Port of Savannah, Ga.; No. 4 Port of Long Beach and No. 5 Port of Newark. In the current time period, the top five accounted for 45.6 percent of Thailand’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles fell 0.76 percent to $4.76 billion.
    Exports fell 10.65 percent to $374.94 million. Imports rose 0.19 percent to $4.39 billion.
  • Trade with No. 2 Los Angeles International Airport rose 24.63 percent to $2.39 billion.
    Exports fell 17.59 percent to $605.94 million. Imports rose 50.83 percent to $1.79 billion.
  • Trade with No. 3 Port of Long Beach rose 33.87 percent to $2.09 billion.
    Exports fell 13.19 percent to $366.66 million. Imports rose 51.34 percent to $1.72 billion.
  • Trade with No. 4 Port of Newark rose 11.24 percent to $1.66 billion.
    Exports fell 4.11 percent to $42.09 million. Imports rose 11.7 percent to $1.62 billion.
  • Trade with No. 5 Chicago O’Hare International Airport rose 25.79 percent to $1.61 billion.
    Exports rose 31.57 percent to $448.24 million. Imports rose 23.69 percent to $1.16 billion.

Thailand ranked No. 20 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 20.

Meanwhile, total U.S. trade with the world increased to $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $479.12 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Thailand by value through July were the categories of Oil; Computer chips; Photo-sensitive semi-conductors, parts; Cell phones, related equipment; and Motor vehicle parts, respectively. They accounted for 30.87 percent of total exports to Thailand.

The value of the top five categories of U.S. imports from Thailand –– Computers; Cell phones, related equipment; Rubber tires; Photo-sensitive semi-conductors, parts; and Printers, all types, parts –– accounted for 39.19 percent of all inbound shipments.

Looking more closely at U.S. exports to Thailand:

  • Oil fell 23.53 percent compared to last year to $930.15 million.
  • Computer chips rose 3.32 percent compared to last year to $432.27 million.
  • Photo-sensitive semi-conductors, parts fell 34.71 percent compared to last year to $249.44 million.
  • Cell phones, related equipment fell 3.3 percent compared to last year to $243.69 million.
  • Motor vehicle parts fell 26.52 percent compared to last year to $243.26 million.

Looking more closely at U.S. imports from Thailand:

  • Computers rose 59.79 percent compared to last year to $3.59 billion.
  • Cell phones, related equipment rose 28.13 percent compared to last year to $1.65 billion.
  • Rubber tires fell 6.62 percent compared to last year to $1.44 billion.
  • Photo-sensitive semi-conductors, parts rose 236.02 percent compared to last year to $930.28 million.
  • Printers, all types, parts fell 22.43 percent compared to last year to $484.41 million.

In the latest annual figures available, Thailand recorded $46.77 billion in trade with the United States. Total U.S. exports to Thailand were $ 13.31 billion and imports from Thailand were $33.46 billion. The U.S. deficit with Thailand was $20.15 billion.