Thailand Imports Of Services And Goods
Home > Thailand Imports Of Services And Goods
Trade between Australia and Thailand is huge: in 2016-7 there was A$18 billion in merchandise trade between the two countries and A$3.8 billion in services trade. Are you wanting to export to Thailand? Do you want to make the most of this excellent relationship? TSL is here to help. We offer a comprehensive freight forwarding service. We can organise great-value sea and air freight services to Thailand and will ensure your goods arrive in Thailand with zero hassle.
What Is A Service Import?
It’s probably clear to you what a goods export is – but what do we mean when we talk about Thailand imports of services? A service export is any service provided by a resident in one country to a company or people in another. Such services can cover a wide range of industries. The following are ways Thailand imports of services from Australia may be carried out:
• An Australian translation company providing translation services to clients in Thailand
• Thai residents ringing call centres in Australia and using their services
• Rents paid by an Australian resident or company for property in Thailand
• Use of Australian franchises in Thailand
• Australian visitors to Thailand using local services such as shops, hotels and tours
Thailand fact file
Population: 69.2 million
Top trading partners: The US, China and Japan
Key goods imports from Australia: Crude petroleum, gold, aluminium, coal
Key services imports from Australia: Education-related travel, personal travel
Yearly goods trade with Australia: A$18bn (2016-17)
Yearly services trade with Australia: A$3.8bn (2016-17)
Free Trade Agreement with Australia?: Yes, the TAFTA and the AANZFTA.
Sea And Air Freight Services To Thailand With TSL
If you want to export to Thailand, you will need to decide whether it makes more sense to transport your goods using sea or air freight services to Thailand. Transporting goods to Thailand by plane is by far the quickest method of transportation. It typically takes between one and six days for goods to reach Australia from Thailand. Air freight is the logical choice if your consignment is not too bulky or heavy, and your budget is big enough to be able to invest in air transportation.
Economic Partnership Agreements
Those wanting to export to Thailand from Australia benefit from two free trade agreements between these two countries, the TAFTA and the AANZFTA. The TAFTA, the Thailand-Australia Free Trade Agreement, came into force in 2005. The AANZFTA, which applies to trade between Australia/New Zealand and the countries in the ASEAN (Association of Southeast Asian Nations), entered into force in 2010. These two agreements have eliminated the majority of tariffs when trading between Australia and Thailand.
To discover the tariff you will pay when exporting to Thailand from Australia, you can use the Australian Government’s Free Trade Agreement Portal. To know more about TSL’s services, click below Contact Us Link.