2023
Exports
$3.28MWorld Rnk 57 / 146
Flag Rnk 847 / 1212
2023
PRODUCT COMPLEXITY IN Butter
0.079Rnk 528 / 1025
2023
Imports
$78.8MWorld Rnk 30 / 224
Flag Rnk 394 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $3.28M in Butter, making it the 57th largest exporter of Butter in the world. At the same year, Butter was the 847th most exported product in Thailand. The main destination of Butter exports from Thailand are: Philippines ($1.29M), Burma ($540k), Vietnam ($417k), Cambodia ($285k), and Laos ($246k).

The fastest growing export markets for Butter of Thailand between 2022 and 2023 were Philippines ($413k), Hong Kong ($158k), and Vietnam ($119k).

Imports In 2023, Thailand imported $78.8M in Butter, becoming the 30th largest importer of Butter in the world. At the same year, Butter was the 394th most imported product in Thailand. Thailand imports Butter primarily from: New Zealand ($54.2M), Australia ($9.1M), France ($9M), Ireland ($3.56M), and Belgium ($1.45M).

The fastest growing import markets in Butter for Thailand between 2022 and 2023 were Ireland ($2.41M), France ($1.28M), and Belgium ($780k).

COMPANIES In 2024, leading companies such as Wismettac Asian Foods (1) were at the forefront of shipping Butter from Thailand to the United States.

Latest Trends

Dec 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 Butter. 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 (2023)$3.28M
IMPORTS (2023)$78.8M
NET TRADE (2023)-$75.5M

In 2023, Thailand exported $3.28M in Butter. The main destinations of Thailand exports on Butter were Philippines ($1.29M), Burma ($540k), Vietnam ($417k), Cambodia ($285k), and Laos ($246k).

In 2023, Thailand imported $78.8M in Butter, mainly from New Zealand ($54.2M), Australia ($9.1M), France ($9M), Ireland ($3.56M), and Belgium ($1.45M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Philippines$413k (47.3%)
Hong Kong$158k (111k%)
Vietnam$119k (39.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Thailand WERE (2022 - 2023):
Laos-$130k (-34.6%)
Burma-$28.4k (-5%)
Bangladesh-$5.14k (-94.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Butter were:
In 2023, Thailand's main importing competitors in Butter were:

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPhilippines+ $179k
TOP IMPORT POTENTIALIndia+ $2.21M

Butter’s highest export potential is Philippines. With an export gap of $179k.   Butter’s highest import potential is India with an import gap of $2.21M.

See methodology.

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