Export of Goods Value from Thailand (1990-2023)

The export of goods from Thailand has shown a consistent upward trajectory from 1990 to 2023, with notable fluctuations tied to global economic trends and domestic factors. In the early 1990s, exports steadily increased from 23.1 billion USD in 1990 to 45.3 billion USD in 1994, supported by Thailand’s economic liberalization and growing industrial base. By 1997, the export value reached 57.3 billion USD, before a slight dip during the Asian financial crisis, which impacted exports in 1998. However, recovery was swift, and by the early 2000s, Thailand’s export value had surpassed pre-crisis levels, reaching 68.9 billion USD in 2000.

The post-2000 period saw robust export growth, peaking in 2008 at 177.8 billion USD, a result of global trade expansion and Thailand’s position as a major exporter of electronics, automobiles, and agricultural products. The impact of the global financial crisis in 2009 was reflected in a decline to 152.4 billion USD, but the recovery from 2010 onward was substantial. By 2012, exports reached 229.1 billion USD, and in the following decade, Thailand's export value saw consistent growth, exceeding 250 billion USD by 2018. The COVID-19 pandemic caused a slight downturn in 2020, but the export value bounced back, reaching 287.4 billion USD in 2022, with 2023 slightly lower at 284.6 billion USD. This strong performance is a testament to Thailand’s diversified export portfolio and its resilience in the face of external shocks.