Trade between the EU and Thailand is considerable, amounting to approximately €29.4 billion 2011 (THB 1.25 trillion). The EU is Thailand's third largest export market, after the ASEAN and China. In 2011, exports from Thailand to the EU, totaled some €17.5 billion (THB 742 billion).
The strength of Thai exports has led to substantial trade surpluses with the EU. During the period 2007 - 2010 Thailand’s annual trade surplus with the EU stood on average at around €5.5 billion per annum (THB 233 Billion).
Notably, more than half of Thai exports entering the EU receive preferential treatment either via Most Favoured Nation (MFN) or partial or full tariff elimination granted under the EU’s Generalized Scheme of Preferences (GSP). Thailand is also the second largest GSP beneficiary among EU's trade partners behind India.