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Goods trade deficit with Thailand was $12

Goods trade deficit with Thailand was $12 2025

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The document provides a comprehensive overview of the U.S.-Thailand trade relationship, highlighting a goods trade deficit of $12.2 billion in 2009, with significant declines in both exports and imports. It discusses the status of Free Trade Agreement negotiations, high tariffs and non-tariff barriers that hinder market access, and various import policies affecting U.S. businesses. Additionally, it addresses issues related to government procurement practices, intellectual property rights protection, services barriers in sectors like telecommunications and finance, investment barriers under the Foreign Business Act, and challenges in electronic commerce. The document emphasizes ongoing concerns regarding transparency, taxation complexities, and corruption within Thailand's regulatory framework.

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What is the budget deficit in Thailand?

The prime minister has defended a marginal increase in spending next year and a budget deficit of 860 billion baht, saying the outlays are designed to factor in increased risks to the economy from the current global trade uncertainties.

How do you calculate a countrys trade deficit?

How Is a Trade Deficit Calculated? To calculate a trade deficit, subtract the total value of exports from the total value of imports for a specific period. The resulting figure represents the net trade balance, with a negative value indicating a trade deficit.

What is the current account deficit of Thailand?

Thailands current account deficit widened sharply to USD 1.5 billion in April 2025 from USD 0.5 billion in the same month of the previous year. This marked the largest current account shortfall since January 2023.

Did Thailand vows to cut US trade surplus?

Bangkok (VNA) - Thailand expects to reduce its trade surplus with the US by as much as 15 billion USD a year, or one-third, with its recent initiatives to prevent the misuse of origin rules for exports, ing to Thai Deputy Prime Minister and Finance Minister Pichai Chunhavajira.

What is the trade deficit in Thailand?

The import growth was fueled by a recovery in domestic demand following Bangkoks USD 15 billion economic stimulus package. Despite the May surplus, the country posted a trade deficit of USD 1.12 billion over the first five months of 2025, with exports and imports rising 14.9% and 11.3%, respectively.

Is Thailand in a trade deficit?

Thailands trade deficit widened to USD 3.3 billion in April 2025, due to slower export growth of 10.2% and a 16.1% surge in imports, exceeding market expectations. Thailands trade deficit has indeed widened in 2025, driven by several factors.

What is the trade value of Thailand?

Overall Exports and Imports for Thailand 2022 The total value of exports (FOB) is US$ 287,424 million. The total value of imports (CIF) is US$ 301,020 million.

What is Thailands trade surplus with the US?

The US was Thailands largest export market last year, accounting for nearly a fifth of the countrys total outbound shipments. The Southeast Asian nation had a trade surplus of about $46 billion with Washington last year.

Goods trade deficit with Thailand was $12 2025

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