Thailand imported steel products worth $65 million from Iran in 2024. The official said an analysis of the trade structure between Thailand and Iran indicates risks to Thailand’s economy remain manageable as bilateral trade volumes are relatively limited. In 2024, trade between Thailand and Iran was valued at $208 million, accounting for only 0.03% of Thailand’s total trade value. Data reveals increased imports of steel and steel products from Iran in 2024, valued at $64.6 million. US trading partners should understand the Thai government has transparent trade regulations and most Thai private entities strictly comply with international sanctions, particularly given the absence of any large investments in Iran, according to the official.

Source: Bangkok Post January 13, 2026 11:35 UTC