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Thailand

US Revised Tariffs (%)

19

Ease of doing business

theboardiQ Tariffs Dashboard:

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Revised Tariff %
Original Tariff %
Country Tariff Rate %
Share of US Imports % (1 implies <1%)
19
36
3.7
1.9
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
17.72
63.33
-45.61

Implications

As of January 2026, Thailand’s trade landscape is defined by the full implementation of U.S. "reciprocal" tariffs and a shift toward intensive bilateral negotiations. While a 19% baseline tariff has stabilized for many sectors, new "circumvention" and "strategic" levies are the primary concern for the 2026 fiscal year.


Latest US Tariffs Update: Thailand (2026)

In 2025, the U.S. initiated a 19% reciprocal tariff on Thai imports, which has now entered its second year. Key updates for early 2026 include:


  • Circumvention Risk: The U.S. is strictly enforcing a 60% local content rule. Goods failing this (often suspected of being Chinese re-exports) face a 40% penalty rate.

  • Section 232 Expansion: New duties of up to 50% are being targeted at strategic sectors, specifically trucks, auto parts, and electrical machinery containing steel or aluminum.

  • Reciprocal Framework: Thailand and the U.S. have reached a framework agreement where Thailand will eliminate tariffs on 99% of U.S. goods (industrial and agricultural) in exchange for specific "Annex III" Thai products receiving a 0% tariff rate.


Major Companies & Sectors Impacted

The impact is split between multinational electronics firms (showing resilience) and domestic manufacturers (facing decline).

Sector

Impact Level

Primary Companies / Types Affected

Electronics & ICT

Moderate

Delta Electronics, Hana Microelectronics. Benefiting from AI data center demand but vulnerable to 2026 "product-specific" tax brackets.

Automotive

High

Thai Summit Group, Goodyear Thailand. Impacted by Section 232 duties on trucks and parts.

Gems & Jewelry

Severe

Pandora (production), Thai gems exporters. These sectors saw a ~30% plunge in export value late last year.

Agro-Industry

High

Thai Union (Canned Fish), pet food manufacturers. Facing 19%+ tariffs; canned fish exports fell ~29% year-on-year.

Solar & Rubber

Severe

Solar panel manufacturers. Exports plummeted >80% due to anti-dumping duties reaching 972%.

GDP & Bank of Thailand (BOT) Status (YTD 2026)


The Bank of Thailand (BOT) has adopted a cautious, "insurance-style" monetary policy to prevent a hard landing.


  • 2026 GDP Forecast: The BOT has slashed the growth forecast to 1.5% (down from previous 2.2% estimates for 2025).

  • Export Drag: Total exports are projected to fluctuate between -3.1% and +1.1%, a sharp slowdown from the "front-loading" boom of early 2025.

  • Interest Rates: In December 2025, the BOT cut the key policy rate to 1.25%. Analysts expect a further cut to 1.00% in Q1 2026 to support debt-laden households.

  • Currency: The Thai Baht remains one of the strongest in the region, trading around 31.47 THB/USD, which is further hurting export competitiveness.


SWOT Analysis: Thailand Trade 2026

Strengths

Weaknesses

• Strong position in global AI & EV supply chains.


• Large international reserves providing a buffer.


• Resilient service/tourism sector (35M+ arrivals).

• High household debt (88%+ of GDP) stifling demand.


• Over-reliance on low-tech, low-value manufacturing.


• Low local content (RVC) in electronics (avg. 22.5%).

Opportunities

Threats

• Negotiating "ASEAN-wide" regional origin rules.


• Trade diversion: Shifting U.S. orders from China to Thailand.


• Growth in new markets (India, Middle East).

• 40% circumvention tariffs on Chinese-linked goods.


• "Payback effect" from 2025 inventory drawdowns.


• Political uncertainty following the 2026 elections.

Bank of Thailand economic update 2026

This video provides the official Bank of Thailand perspective on the 1.5% growth forecast and the specific pressures from global trade and U.S. tariffs.

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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