Thailand Gold Export 2026 Market Overview & Trends

Thailand's export value has experienced significant volatility over the past five years. After a peak of $13.3 billion in 2020, values dipped to $3.8 billion in 2021. However, 2024 shows a strong recovery trend, with export values reaching $8.75 billion, marking a substantial increase from the $5.97 billion recorded in 2023.

In 2024, Switzerland and Cambodia represent the top destination markets, with import values of $3.049 billion and $3.040 billion respectively. Singapore follows as a major regional hub with $1.74 billion, indicating that Thai exports are heavily concentrated in European financial centers and neighboring ASEAN economies.

The United States is the most aggressive emerging market, boasting a massive 108.8% growth rate in 2024. While Cambodia remains a high-value partner at $3.04 billion, its growth is more stable at 7.4%. This highlights a significant surge in demand from North American buyers compared to traditional regional partners.

The export landscape is dominated by gold and silver (HS710812), which accounts for $8.72 billion of the total value. In contrast, non-monetary gold powder and semi-manufactured gold contribute significantly less, at $29.7 million and $4.1 million respectively, showing a highly concentrated product focus.