About Thailand
Fact at a Glance
Ideally located in the heart of Southeast Asia, Thailand is a welcoming tropical country, rich in natural resources and vibrant culture, with diverse geographic regions and popular tourist destinations. Its strong manufacturing base and prolific agricultural sector play an important role in the continuing growth of exports of Thai products and services that are such an essential part of Thailand's vibrant economy.

Diversity has become an essential ingredient of Thai exports, with an emphasis on one-stop sourcing of raw materials in Thailand’s regions, in the Greater Maekhong Sub-region and throughout Southeast Asia. These have turned into a variety of value-added products that include processed & frozen food, agricultural products, electronics, electrical appliances, furniture, fashion garments & textiles, auto parts and accessories, etc.

Thailand’s open-economy policy has been responsible for a strong growth in exports in recent years. The country’s main export markets are the USA, Japan, the European Union and ASEAN, while new markets include China, South Asia, Africa and Indochina.

To help increase the value of its exports, Thailand also has well-established FTAs with key trading partners, both directly and through ASEAN, including China, India, Japan, Korea, Australia, New Zealand and Peru, that have resulted in many more opportunities for doing business with Thailand.

The ASEAN Economic Community (AEC) is Coming
As part of the 10-member Association of Southeast Asian Nations (ASEAN - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam), Thailand has close economic ties with the grouping's 9 other countries and is well advanced in its preparations for joining the ASEAN Economic Community. AEC will come into being in 2015 as a single market and production base with a population of over 600 million people. The integration of the 10 Southeast Asian nations will result in the free flow of goods, services, investment, skilled labor and freer flow of capital. This attractive market place, with a combined GDP of more than 2 trillion US dollars, will offer golden opportunities for trade, investment and setting up manufacturing bases.

Hub of Logistics
Thailand’s strategic location coupled with strong road and rail linkages from neighboring countries has resulted in the development of land-transport corridors with five gateways – north (Myanmar, Laos, Southern China), northeast (Laos, Vietnam, Southern China, East Asia), East (Cambodia, Laos, Vietnam), West (Myanmar, Bangladesh, India) and South (Malaysia, Singapore, Indonesia).

These facilitate the trans-shipment of goods from east to west, north to south. In order to link with the major development of Dawei deep-sea port in Myanmar, Thailand is creating a new trade lane from Laem Chabang deep-sea port in the Gulf of Thailand, one of ASEAN’s largest container terminals, to Dawei via Kanchanaburi province, offering an additional east-west trade link with an exit into the Indian Ocean. Thailand also offers:
109 airports, including six international airports. The international airports are located in Bangkok, Chiang Mai, Chiang Rai, Phuket, Hat Yai, and U-Tapao.
6 deep sea ports and 2 international river ports, including containers, tank farms and liquid jetties.
Excellent rail system spanning 4,071 km of railways.
Thailand’s development plans for 2012 – 2022 include a high speed rail network that will connect north, south, east and west of Thailand, as well as to southern China. The mass transit system is being expanded into the suburbs and air and marine transportation will be further strengthened to meet the pace of growing demand.
Source: DITP, Thailand Board of Investment