Overview of the Construction and Mining Industry in Thailand and How to Buy Equipment.

Thailand

Thailand is the Southeast Asian country neighboring Malaysia, Cambodia, Myanmar, and the Gulf of Thailand.

• Thailand has a population of 69.63 million.
• Capital: Bangkok
• Official Languages: Thai
• Total Area: 513,120 km²
• Currency: Thai baht (฿)

Economic Statistics of Thailand

Thailand has one of the highest Gross Domestic Product (GDP) per capita in Southeast Asia. In 2020, the GDP was at 509.20 billion USD.

Economic Sector Divide

The shares of economic sectors in the GDP are:

• Agriculture: 8%
• Industry: 33.4%
• Services: 58.59%

Trade Statistics

The top import-export partners of the country are:

Major Import Partners

• China: 11.95%
• The United States: 11.14%
• Vietnam: 5.13%.
• Belarus: 5.2%
• Hong Kong, China: 4.96%

Main Export Partners

• China: 20.05%
• Japan: 14.15%
• The United States: 6.10%
• Malaysia: 5.36%
• United Arab Emirates: 4.29%

Industries of Thailand

Mining Industry of Thailand

The mining industry amounted for 330 billion Thai baht to the country’s GDP. The country produces over 40 minerals out of which industrial materials, industrial rocks, silver ore, and gold ore dominate the industry. It’s also among the leading producers of feldspar, tin, gypsum and cement.

The mineral sources are enough to attract foreign investments and present opportunities for the industrial growth. To exploit the industrial potential of the country, Camamach provides you the best equipment in the market at good prices.

Construction Industry of Thailand

The construction industry is a key player in the economy of Thailand. It added 422 billion Thai Baht to the GDP in 2019. The infrastructural development is divided into the public and private sectors. The public sector, which makes up for 80% of the construction projects, is forecasted to increase in terms of market value.

The country also has over 80 thousand construction contractors. Being a decisive player in the economy, the industry needs to excel on all platforms. As far as construction equipment is concerned, Camamach exports the top-of-the-chain equipment and machinery at competitive rates.

Seaports and Trading Hubs of Thailand

Thailand is accessible by the sea through the Gulf of Thailand. The major seaports are:

• Bangkok Port
• Laem Chabang
• Map Ta Phut
• Sattahip
• Si Racha

Camamach uses the largest port of Bangkok for imports.

What heavy machinery or equipment does Thailand Import?

Mining and construction industries have a critical role in the countries economy. The imported equipment for the said industries includes Concrete Batching Plants, Heavy Duty Trucks, Grinding Equipment, etc.

What regulations are there on importing equipment to Thailand?

Here are the regulations for equipment import in Thailand:

Digital Certification

Thailand has a centralized e-customs system that requires a digital certificate for identity and document authentication and confirmation. The importers can then register with the system directly or through an agent.

Review

Imported goods are reviewed based on the kind of imported goods and permits. Special goods – the red line goods – require documentation including Bill of Lading, Invoice, Packing List, Import License, Certificates of origin, and others.

Import Declaration

An import declaration with an arrival report is submitted to the e-customs system once all documents have been provided.

Taxes and Duties

Imported goods are subjected to duties under the Thai Customs Tariff Decree B.E. 2530 (1987). You can get further details through the government website.

Why should Thailand import equipment?

• Availability: In comparison to the domestic market, foreign manufacturers typically have no shortages.
• High Equipment Cost: Domestic manufacturers are often more expensive than foreign alternatives.
• Equipment Quality: Before making a delivery, international vendors consider every factor and offer various other advantages that customers seek in the long term.
• High Equipment Cost: Domestic manufacturers are often more expensive than foreign alternatives.

Where Can I Buy Equipment for Thailand?

Camamach has been a regular exporter of equipment and machinery to Thailand. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.