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Thailand

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1.9
36
10
3.7
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
17.72
63.33
-45.61

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.

Implications

As of Sunday, April 20, 2025, here's the latest update on tariffs involving Thailand: United States Tariffs on Goods from Thailand: Baseline Tariff: A 10% tariff is currently in effect on all goods imported into the United States from Thailand. This baseline tariff was implemented on April 5, 2025, and applies to nearly all countries. "Reciprocal Tariff": Initially, the United States announced a 36% reciprocal tariff specifically for goods originating from Thailand, scheduled to take effect on April 9, 2025. This was in addition to the baseline 10% tariff, bringing the total potential tariff to 46%.   90-Day Pause: However, on April 9, 2025, President Trump announced a 90-day pause on these reciprocal tariffs for most countries, including Thailand. This means that for the time being, the higher 36% tariff is not being applied.   Current Effective Rate: Consequently, the current effective tariff rate on most goods imported from Thailand into the United States is the 10% baseline tariff. Negotiations Underway: Thailand is among the approximately 50 countries engaging in trade negotiations with the United States during this 90-day pause, aiming to find a resolution and potentially avoid the higher reciprocal tariffs in the future. A Thai negotiating team is expected to meet with U.S. officials in Washington D.C. next week (week of April 21st).   Existing Tariffs: It's important to note that certain products might still be subject to other pre-existing tariffs. For example: Steel and Aluminum: Articles and derivatives of steel and aluminum are subject to a 25% tariff. Automobiles and Automotive Parts: A 25% tariff applies to non-USMCA compliant automobiles and automotive parts. Exemptions: Certain product categories were already exempt from the reciprocal tariffs because they were subject to previously announced measures (like steel and aluminum, autos). Additionally, some items like copper, pharmaceuticals, semiconductors, processed wood, certain minerals, and energy products were temporarily exempt, pending potential separate tariff announcements. It is important to confirm if specific Thai goods fall under these categories.   Thailand's Response and Stance: The Thai government has acknowledged the U.S.'s need to address trade imbalances. Prime Minister Paetongtarn Shinawatra has stated that Thailand is prepared to negotiate with the U.S. to mitigate the impact of the tariffs.   Thailand is considering measures such as increasing imports of U.S. goods (like maize, soybeans, natural gas, petrochemicals, commercial aircraft, and some agricultural products), encouraging more Thai investment in the U.S., and ensuring the origin of goods to prevent transshipment from other countries to avoid tariffs.   The Thai government has also been working with the private sector to monitor the situation and prepare support measures for potentially affected exporters.   Economic Impact: The Bank of Thailand has projected that the initial announcement of the 36% tariff could negatively impact Thailand's GDP growth for 2025.   The Commerce Ministry in Thailand estimated potential losses of billions of baht due to the higher tariffs.   The 90-day pause has offered some relief, but the uncertainty regarding the future tariff rates remains a concern for Thai exporters. In summary, while Thailand was initially facing a potential 36% reciprocal tariff on top of the 10% baseline tariff, the current effective tariff rate on most Thai goods entering the U.S. is 10% due to a 90-day pause. Thailand is actively engaged in negotiations with the United States to seek a more favorable long-term trade relationship and avoid the reimposition of higher tariffs. Businesses should closely monitor the outcomes of these negotiations.

US Negotiation Strategy

Based on 2024 data, the top imports to the US from Thailand by value are: Electrical, electronic equipment ($23.06 Billion) Machinery, nuclear reactors, boilers ($15.73 Billion) Rubbers ($5.50 Billion) Vehicles other than railway, tramway ($2.59 Billion) Pearls, precious stones, metals, coins ($1.84 Billion) Optical, photo, technical, medical apparatus ($1.77 Billion) Plastics ($1.45 Billion) Furniture, lighting signs, prefabricated buildings ($1.24 Billion) Articles of iron or steel ($1.18 Billion) Meat, fish and seafood preparations ($926.99 Million) Here's a look at which US states can manufacture similar goods, along with examples of companies: Electrical, Electronic Equipment: California: Known for its significant technology and electronics manufacturing, particularly semiconductors and computer equipment. Companies: Intel, Apple (though primarily design and outsources manufacturing), Tesla (electric vehicle components). Texas: Has a growing technology and electronics manufacturing sector. Companies: Texas Instruments, Dell. Massachusetts: Strong in electronics and high-tech manufacturing. Companies: Analog Devices, Raytheon Technologies (defense electronics).   Machinery, Nuclear Reactors, Boilers: Illinois: Known for manufacturing industrial machinery. Companies: Caterpillar, John Deere (agricultural machinery).   Ohio: Has a diverse manufacturing sector, including machinery. Companies: Emerson Electric, Lincoln Electric. Wisconsin: Has a strong manufacturing base in various types of machinery. Companies: Oshkosh Corporation (specialty vehicles and access equipment), Komatsu Mining (heavy equipment).   Rubbers: Ohio: Historically a major center for rubber and tire manufacturing. Companies: Goodyear Tire & Rubber Company, Cooper Tire & Rubber Company (owned by Goodyear). South Carolina: Growing in tire manufacturing. Companies: Michelin, Bridgestone Americas. Vehicles other than railway, tramway (primarily cars and trucks): Michigan: The traditional heart of the U.S. automotive industry. Companies: Ford, General Motors, Stellantis (Chrysler, Dodge, Jeep, Ram). California: Has a significant automotive presence, including electric vehicles. Companies: Tesla, Lucid Motors. South Carolina: Major hub for automotive manufacturing. Companies: BMW, Volvo. Alabama: Home to several foreign automotive manufacturers. Companies: Mercedes-Benz, Hyundai. Tennessee: Another significant automotive manufacturing state. Companies: Nissan, Volkswagen.   Pearls, Precious Stones, Metals, Coins: Rhode Island: Historically known for jewelry manufacturing. While many smaller, specialized manufacturers exist, large-scale production competing directly with imports can be less prominent now. Companies may focus on design and higher-value goods. New York: Diamond district in New York City. Similar to Rhode Island, focus may be on processing, trading, and high-end manufacturing rather than mass production of basic items.   Various States: Precious metals refining and processing occur in states like Idaho, Montana, and Utah. The US Mint has facilities in Philadelphia, Pennsylvania; Denver, Colorado; San Francisco, California; and West Point, New York.   Optical, Photo, Technical, Medical Apparatus: Massachusetts: A hub for medical device manufacturing and research. Companies: Boston Scientific, Medtronic (significant presence). California: Strong in medical devices and biotechnology. Companies: Abbott, Johnson & Johnson (medical devices sector). Minnesota: Known as "Medical Alley" due to its concentration of medical device companies. Companies: 3M (healthcare), Stryker.   Plastics: Texas: Large petrochemical industry, a key input for plastics manufacturing. Numerous chemical and plastics manufacturing companies are located here. Ohio: Strong in plastics and rubber manufacturing. Many companies produce a wide range of plastic products. Michigan: Automotive industry drives demand for plastic components. Tier 1 automotive suppliers often have plastics manufacturing capabilities. Furniture, Lighting Signs, Prefabricated Buildings: North Carolina: Historically a major furniture manufacturing state. Companies: Ashley Furniture Industries, La-Z-Boy. Mississippi: Also has a significant furniture manufacturing presence.   Indiana: Manufactured housing and prefabricated buildings. Companies: Skyline Champion Corporation.   Articles of Iron or Steel: Pennsylvania: Historically a major steel-producing state. Companies: U.S. Steel, Nucor (significant presence). Indiana: Strong in steel production. Companies: ArcelorMittal. Ohio: Also has a significant steel industry.   Meat, Fish and Seafood Preparations: Iowa: Leading state in pork production. Companies: Smithfield Foods, Tyson Foods. Nebraska: Major beef processing state. Companies: Cargill, JBS USA. Alaska: Significant seafood processing industry. Numerous seafood companies operate in Alaska.     It's important to note that while these states and companies have the capability to manufacture similar types of goods, the specific products, production volumes, and cost competitiveness may vary compared to imports from Thailand. Global supply chains are often intricate, with components and materials sourced from various countries. Recent tariffs and trade policies are influencing the dynamics of domestic manufacturing and international trade.

Investing in USA

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

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

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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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