We offer bespoke prices and contract rates based on your consignment’s volume and regularity. We help you to understand your business needs and offer you a rate and service that suits your business.
Please feel free to contact us and discuss your commercial shipping needs:
Direct line:
020 8867 0904 option 1.
Direct email:
[email protected]
Air Export UK To Bangkok | ||||||
AOL | AOD | Min. | +45 Kgs |
+100 Kgs |
+500 Kgs |
+1000 Kgs |
LHR | BKK | £90.00 | £2.55 | £2.05 | £1.55 | £1.45 |
Notes
In order to receive a door to airport quote please email us: [email protected] or complete the online form on this page.
FCL Export UK To Bangkok | |||
POL | POD | 20' GP | 40' HC |
London Gateway | Laem Chabang | £1,010 | £1,360 |
Southampton | £1,010 | £1,360 | |
Felixstowe | £1,010 | £1,360 | |
Liverpool | £1,010 | £1,360 |
LCL Export UK To Bangkok | ||||
POL | POD | 1 CBM | 5 CBM | 10 CBM |
London Gateway |
Laem Chabang |
£60 |
£205 |
£365 |
Notes
Thailand is the second largest economy in the Association of Southeast Asian Nations(ASEAN), accounting for 17% of ASEAN Gross Domestic Product (GDP).
The UK is one of the leading European Union (EU) investors in Thailand with UK companies operating across the Thai economy. The rewards of doing business in Thailand can be considerable, but it takes time to develop the necessary business relationships.
UK investors include BG, Tesco (their largest overseas operation), HSBC, Standard Chartered, Triumph Motorcycles and Prudential.
Thailand is home to over 50,000 British residents.
Benefits to UK businesses exporting to Thailand include:
Strengths of the Thai market include:
Challenges of doing business in Thailand include:
Thailand is the world’s 29th largest economy with a GDP of USD 388 billion. GDPgrowth averaged 4.1% between 2000 and 2013, according to HSBC.
The Thai economy is predicted to grow 3.5 to 4.6% in 2015, fuelled by the government’s infrastructure investment plans.
Thai GDP is made up of:
3.2 ASEAN
ASEAN is considerably larger than the EU and with 600 million residents is an increasingly important economic region.
It’s predicted that the ASEAN economy will become the fourth largest single market by 2030. An additional 300 million residents from the region will also enter the middle class.
3.3 Free Trade Agreements (FTAs]EU-Thailand negotiations for a FTA were postponed following the 22 May 2014 military intervention.
Thailand has entered into a number of bilateral and ASEAN Free Trade Agreements. Details are available from the Department of Trade Negotiations.
UK goods exports to Thailand were valued at £1.96 billion in 2013 making Thailand the UK’s 29th largest export market. Services exports totalled £708 million in 2013.
Top UK goods exports to Thailand 2013:
Thailand plans to invest £66 billion between 2015 and 2024 in strategic infrastructure projects. Projects include:
There are opportunities for UK companies in the following areas:
Thailand offers significant opportunities for UK companies due to:
There are opportunities for UK companies in:
Thailand, and especially Bangkok, is witnessing a massive retail boom. New shopping malls and retail concepts are opening across the country and there is substantial demand for quality international products.
Large retail groups are already home to leading British brands and have major investment plans.
Opportunities for UK companies include:
55% of total energy consumption is imported and the deficit is growing.
Thailand’s ‘energy masterplan’ aims to provide 25% of total energy consumption from renewable sources by 2024. The Ministry of Energy is offering incentives for renewable energy in the form of Feed-in-Tariff (FIT) schemes. The BOI also offers a range of incentives for investment in renewable energy sector.
There are opportunities for UK companies in:
Thailand is positioning itself as the logistical hub for ASEAN. Many international companies have made Thailand their ASEAN hub stimulating demand for skilled English language speaking employees.
The Ministry of Education plans to enhance vocational education and is receptive to collaborating with overseas delivery partners. Thailand needs the relevant skills to become a high value manufacturing economy so there’s a need to increase student numbers and provide higher quality vocational training.
There are opportunities for UK companies in:
The engineering sector plays an important role in supporting the Thai manufacturing sector, which accounts for almost 40% of Thailand’s GDP.
There are opportunities for UK companies in:
Thailand is a leading medical tourism hub. It’s healthcare and pharmaceutical sector continues to grow offering opportunities for new products and services.
Thailand imports 70% of medical devices from overseas.
There are opportunities for UK companies in:
The new Thai government is moving ahead with a programme to speed up the development of the digital economy. Digital penetration is increasing in Thailand with:
There are emerging opportunities for UK companies in:
Most UK companies successfully doing business in Thailand have local representation. This is either through appointing agents/distributors or by establishing their own offices.
After pricing, technical support is the most important issue for prospective Thai buyers. A local presence demonstrates companies are serious about the market and willing to provide local technical support to partners and customers.
UK companies can approach the Thai market in several ways, including:
You should conduct due diligence and seek legal advice once you’ve identified your mode of entry into the market.
Companies wanting a permanent presence in Thailand must set up a legal entity that is compliant with Thai legal and tax requirements. The Foreign Business Act (FBA) 1999 imposes restrictions on 43 categories of business according to a classification under 3 schedules:
Schedule 1 business are open to 49% foreign ownership without a license. It is not possible to have majority foreign control of a business in Schedule 1.
Schedule 2 activities allow 49% foreign ownership without a license, and 60 to 75% foreign ownership with Cabinet permission provided that two third’s of the directors are Thai.
Schedule 3 activities allow 49% foreign ownership without a license and up to 100% foreign ownership with a Ministry of Commerce licence.
In addition to the FBA there are several industry specific pieces of legislation governing banking and financial institutions; general and life insurance; insurance brokerages; securities and telecommunications.
The BOI has power to grant permission for majority foreign ownership of a List 2 or 3 business, if the business activity is eligible for promotion under BOI rules.
7.1 Standards and technical regulationsThe Thai Industrial Standard Institute (TISI) has responsibility for standards.
The labelling of products in Thailand is regulated by the Consumer Protection Act BE 2522 (1979).
Labels on controlled goods must feature:
Thailand is a member of the World Trade Organization (WTO).
The Department of Intellectual Property (DIP) has responsibility for IP.
Thailand and the UK have signed a Double Taxation Agreement.
8.1 Value Added Tax (VAT)The current VAT rate is 7%.
8.2 Corporate Income TaxCompanies incorporated in Thailand are subject to corporate income tax on worldwide income, gains and profits.
A foreign company with a branch in Thailand is subject only to income, gains and profits arising from business carried on in Thailand.
The standard rate of corporate income is 20%. Some industries are subject to a separate taxation regime.
8.3 Income taxThe Revenue Department of Thailand provides details of personal income tax rates.
8.4 CustomsThe Thai Customs Department has responsibility for customs issues.
A number of goods entering Thailand are subject to import controls. The Customs Department provides more information on restricted goods.
As a member of ASEAN Thailand is subject to the agreed import duty reduction plan applying to trade between all the ASEAN countries.
Use of English is widespread among larger Thai companies, but proficiency is low among Small and Medium Enterprises (SMEs).
You should: