Thailand is a country with an open economic system. The country is most dependent on international trading, both imports and exports. Although the majority of people are farmers and the country depends on tourism, there are domestic industries that play an important role in driving the economic sector.
(Office of Industrial Economics developed measures Major sectors of industry in Thailand)
Electronic and electrical appliance industry
Chemical product industry
Iron and steel industry
However, the 13th National Economic and Social Development Plan (2023-2027), which took effect on 1 October 2022, emphasizes the manufacturing and service sectors to contribute to sustainable value-added, the future goal of the country. These two sectors play an important part in the following industries
Another vital factor that will shift and develop Thailand’s industrial sector, helping it to advance even further, is the driving force of the Bio-Circular-Green economic model (BCG Economy). It was revealed to the world at the APEC 2022 meetings hosted by Thailand. This model for the future will bring more growth to the country and respond to global Sustainable Development Goals (SDGs).