Thailand
Bank accounts
Resident companies must gain approval
from the BOT to deposit local currency
(THB) outside Thailand.
Resident companies can hold foreign currency
bank accounts both within and outside
Thailand, subject to certain conditions.
Non-resident companies can hold local
currency bank accounts in Thailand, but may
hold no more than THB 300 million daily in
all their domestic currency accounts.
Non-resident companies can hold foreign
currency bank accounts in Thailand.
Thailand imports exports
Trade information
Key trading partners
Imports by origin
Japan 18.5%
China 13.4%
EU 7.8%
UAE 6.3%
USA 5.9%
Other 48.1%
Source: WTO, September 2012
Exports by destination
China 12.0%
EU 10.6%
Japan 10.5%
USA 9.6%
Hong Kong 7.2%
Other 50.1%
Principal exports
Textiles and footwear, fishery products, rice,
rubber, jewellery, cars, computers and electrical
appliances.
Documentation
Imports
Commercial invoice, customs import
declaration, packing list, terminal handling
receipts and a bill of lading.
Exports
Terminal handling receipts, bill of lading,
certificate of origin, commercial invoice and
a customs export declaration.
Licences
Imports
Certain food and pharmaceutical products,
chemicals, oils, drugs, weapons and
ammunition.
Exports
Rice, canned tuna, certain types of coal and
charcoal, and textile products.
Tariffs/Taxes
Imports
As a member of ASEAN and participant of
AFTA, Thailand is subject to the Common
Effective Preferential Tariff (CEPT) scheme,
which applies tariff rates of between zero and
5 percent to goods with at least 40 percent
ASEAN content if traded within ASEAN. The
CEPT covers around 98 percent of all tariffs.
Non-AFTA imports and some certain goods
are subject to ad valorem and/or specific
import duties, and some products attract an
additional special duty.
Exports
Wood, wooden articles and hides.
Financing requirements for imports/
exports
None.
Prohibited items
Imports
Items prohibited for reasons of national
security or for social reasons.
Exports
All goods not subject to licensing can be
exported freely.
