Taiwan-Thailand Economic Relations
In 2019, bilateral trade between our two countries under the New Southbound Policy to 9.78 billion US dollars. Thus, Thailand is Taiwan’s 12th largest trading partner while Taiwan is Thailand’s 12th largest. This indicates that bilateral economic and trade exchanges are robust and prosperous.
According to BOI statistics, Taiwan’s cumulative investment in Thailand in 2019 amounted to 630 million U.S. dollars. Taiwan’s major investments in Thailand are in electronics, chemicals, textiles, architecture, transportation, jewelry, food, rubber, etc.
To further deepen collaboration between our respective industries, the Chinese National Federation of Industries (CNFI) of Taiwan and the Federation of Thai Industries (FTI) held the 2019 Taiwan-Thailand Industrial Collaboration Summit, Thailand on August, 2019 with support from the governments of Taiwan and Thailand, attended by government officials and industry leaders to discuss collaboration in the fields of Bio Food, Textile, Automation and Smart City.