2022
Exports
$14.9BWorld Rnk 26 / 226
Flag Rnk 8 / 21
2022
PRODUCT COMPLEXITY IN Chemical Products
2.43Rnk 1 / 1025
2022
Imports
$24.5BWorld Rnk 25 / 226
Flag Rnk 4 / 21
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $14.9B in Chemical Products, making it the 26th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 8th most exported product in Thailand. The main destination of Chemical Products exports from Thailand are: China ($2.03B), Japan ($1.72B), Vietnam ($1.23B), India ($1.23B), and Indonesia ($893M).

The fastest growing export markets for Chemical Products of Thailand between 2021 and 2022 were India ($181M), United States ($169M), and Burma ($100M).

Imports In 2022, Thailand imported $24.5B in Chemical Products, becoming the 25th largest importer of Chemical Products in the world. At the same year, Chemical Products was the 4th most imported product in Thailand. Thailand imports Chemical Products primarily from: China ($7.02B), Japan ($2.27B), Malaysia ($1.64B), Singapore ($1.57B), and United States ($1.37B).

The fastest growing import markets in Chemical Products for Thailand between 2021 and 2022 were Malaysia ($300M), Russia ($180M), and Canada ($141M).

COMPANIES In 2023, leading companies such as Samsung (731), IKEA Group (259), and Polyplex (58) were at the forefront of shipping Chemical Products from Thailand to the United States.

Latest Trends

Oct 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 Chemical Products. 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)$14.9B
IMPORTS (2022)$24.5B
NET TRADE (2022)-$9.51B

In 2022, Thailand exported $14.9B in Chemical Products. The main destinations of Thailand exports on Chemical Products were China ($2.03B), Japan ($1.72B), Vietnam ($1.23B), India ($1.23B), and Indonesia ($893M).

In 2022, Thailand imported $24.5B in Chemical Products, mainly from China ($7.02B), Japan ($2.27B), Malaysia ($1.64B), Singapore ($1.57B), and United States ($1.37B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
India$181M (17.3%)
United States$169M (25%)
Burma$100M (19.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Thailand WERE (2021 - 2022):
China-$642M (-24%)
Chinese Taipei-$79.5M (-18.9%)
Hong Kong-$62M (-26.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Chemical Products were:
In 2022, Thailand's main importing competitors in Chemical Products were:

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $712M
TOP IMPORT POTENTIALIndia+ $484M

Chemical Products’s highest export potential is China. With an export gap of $712M.   Chemical Products’s highest import potential is India with an import gap of $484M.

See methodology.

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