Introduction to the Agricultural Machinery Market in Thailand
At present, rice is the crop with the highest degree of mechanization in Thailand. The most widely used agricultural machinery includes tractors, combine harvesters, and rice mills. Furthermore, in recent years, the issue of labor shortages in Thai agriculture has become increasingly prominent, which has led to a continuous upward trend in the demand for agricultural machinery.
Ownership statistics highlight tractors as the most widely adopted machinery category. As of 2019, hand tractor inventories alone reached 6.66 million units. This prevalence underscores Thailand’s ongoing transition toward mechanized agriculture, which remains at an early developmental phase compared to the advanced mechanization levels observed in European and North American economies. Consequently, substantial potential exists for both domestic expansion and international imports within Thailand’s agricultural machinery market.
In terms of the demand for agricultural machinery in Thailand, all types of agricultural machinery have experienced varying degrees of growth from 2003 to the projected year of 2028. As rice is the primary crop cultivated in Thailand, and considering the specific conditions of paddy field operations, rice farmers tend to prefer tractors with a power output of less than 50 horsepower. This preference is also the main reason for the large number of tractors with less than 50 horsepower in operation.
From 2019 to 2023, Thailand's agricultural machinery import and export values exhibited a fluctuating trend. The highest export value and total trade value for agricultural machinery occurred in 2021, reaching $15.08 billion and $22.21 billion, respectively. In 2023, Thailand's agricultural machinery import value stood at $7.16 billion, the export value was $13.59 billion, and the total trade value amounted to $20.75 billion. These figures reflect a year-on-year decline of 1.51%, an increase of 1.12%, and a slight growth of 0.19%, respectively. Notably, Thailand's agricultural machinery imports represented approximately half of the export value.
The import of agricultural machinery in Thailand has remained relatively stable over the past five years. Aside from the decline in 2020, which was attributed to the impact of the COVID-19 pandemic, the import value of agricultural machinery has consistently hovered around $7 billion in other years. This indicates a steady and sustained demand for imported agricultural machinery products in Thailand.
Ownership statistics highlight tractors as the most widely adopted machinery category. As of 2019, hand tractor inventories alone reached 6.66 million units. This prevalence underscores Thailand’s ongoing transition toward mechanized agriculture, which remains at an early developmental phase compared to the advanced mechanization levels observed in European and North American economies. Consequently, substantial potential exists for both domestic expansion and international imports within Thailand’s agricultural machinery market.

In terms of the demand for agricultural machinery in Thailand, all types of agricultural machinery have experienced varying degrees of growth from 2003 to the projected year of 2028. As rice is the primary crop cultivated in Thailand, and considering the specific conditions of paddy field operations, rice farmers tend to prefer tractors with a power output of less than 50 horsepower. This preference is also the main reason for the large number of tractors with less than 50 horsepower in operation.

From 2019 to 2023, Thailand's agricultural machinery import and export values exhibited a fluctuating trend. The highest export value and total trade value for agricultural machinery occurred in 2021, reaching $15.08 billion and $22.21 billion, respectively. In 2023, Thailand's agricultural machinery import value stood at $7.16 billion, the export value was $13.59 billion, and the total trade value amounted to $20.75 billion. These figures reflect a year-on-year decline of 1.51%, an increase of 1.12%, and a slight growth of 0.19%, respectively. Notably, Thailand's agricultural machinery imports represented approximately half of the export value.
The import of agricultural machinery in Thailand has remained relatively stable over the past five years. Aside from the decline in 2020, which was attributed to the impact of the COVID-19 pandemic, the import value of agricultural machinery has consistently hovered around $7 billion in other years. This indicates a steady and sustained demand for imported agricultural machinery products in Thailand.

Thailand's Agricultural Machinery Import and Export Values and Total Trade from 2019 to 2023
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