China is Thailand’s largest trading partner, while Thailand is China’s third-largest trading partner among ASEAN countries. In 2023, the bilateral trade volume reached US$126.28 billion.
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China is Thailand’s largest trading partner, while Thailand is China’s third-largest trading partner among ASEAN countries. In 2023, the bilateral trade volume reached US$126.28 billion. China is the primary export market for Thai agricultural products, consistently absorbing over 40 percent of Thailand’s agricultural exports. Nearly 80 percent of China’s exports to Thailand consist of capital goods and intermediate goods.
China is the primary source of foreign investment in Thailand. There are approximately 1,000 Chinese enterprises investing in Thailand. Over the past two years, 588 investment projects have been registered, with a total investment amounting to nearly US$7 billion. Chinese investments are mainly concentrated in electric vehicles, the digital economy, new energy, and other modern manufacturing industries.
China and…