The two countries have been trading partners for centuries, and in recent years, their economic ties have strengthened further. China is currently Thailand’s largest trading partner, accounting for about 15% of Thailand’s total trade volume. Thailand, in turn, is China’s second-largest trading partner in the Association of Southeast Asian Nations (ASEAN) region. The bilateral trade between the two countries exceeded USD 85 billion in 2020.
In terms of specific industries, Thailand and China have a strong partnership in the automotive sector, with several Chinese automakers setting up manufacturing facilities in Thailand. The two countries also cooperate closely in the tourism sector, with China being one of the largest sources of tourists to Thailand. Overall, the business relationship between Thailand and China is strong and continues to grow, with both countries benefiting from the exchange of goods and services.
In this report, you will find:
- Where in Thailand are Chinese investing
- Fruit exports from Thailand to China
- Case study on Thailand’s automotive industry and Great Wall Motor
Download Thailand x China business relations report excerpt
Access the full report on ASEAN x China business relations report here.
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