2022
Exports
$2.29BWorld Rnk 19 / 210
Flag Rnk 22 / 96
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$722MWorld Rnk 52 / 224
Flag Rnk 47 / 96
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $2.29B in Animal or vegetable fats, oils, & waxes, making it the 19th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 22nd most exported product in Thailand. The main destination of Animal or vegetable fats, oils, & waxes exports from Thailand are: India ($1.15B), Malaysia ($302M), Burma ($188M), China ($102M), and Vietnam ($77.4M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Thailand between 2021 and 2022 were India ($511M), Burma ($107M), and Japan ($20.8M).

Imports In 2022, Thailand imported $722M in Animal or vegetable fats, oils, & waxes, becoming the 52nd largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 47th most imported product in Thailand. Thailand imports Animal or vegetable fats, oils, & waxes primarily from: Malaysia ($266M), Indonesia ($248M), India ($37M), China ($26.3M), and Spain ($19.3M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Thailand between 2021 and 2022 were Indonesia ($66.2M), Malaysia ($48.1M), and Spain ($3.94M).

COMPANIES In 2023, leading companies such as IKEA Group (1) and Samsung (1) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Thailand to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Animal or vegetable fats, oils, & waxes. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.29B
IMPORTS (2022)$722M
NET TRADE (2022)$1.57B

In 2022, Thailand exported $2.29B in Animal or vegetable fats, oils, & waxes. The main destinations of Thailand exports on Animal or vegetable fats, oils, & waxes were India ($1.15B), Malaysia ($302M), Burma ($188M), China ($102M), and Vietnam ($77.4M).

In 2022, Thailand imported $722M in Animal or vegetable fats, oils, & waxes, mainly from Malaysia ($266M), Indonesia ($248M), India ($37M), China ($26.3M), and Spain ($19.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
India$511M (79.4%)
Burma$107M (133%)
Japan$20.8M (54.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Thailand WERE (2021 - 2022):
Kenya-$18.4M (-51.5%)
Uganda-$11.4M (-100%)
Malaysia-$6.67M (-2.16%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Thailand's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $32.8M
TOP IMPORT POTENTIALMalaysia+ $18.6M

Animal or vegetable fats, oils, & waxes’s highest export potential is China. With an export gap of $32.8M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Malaysia with an import gap of $18.6M.

See methodology.

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