2022
Exports
$79.6MWorld Rnk 45 / 196
Flag Rnk 363 / 1211
2022
PRODUCT COMPLEXITY IN Chocolate
0.14Rnk 508 / 1025
2022
Imports
$158MWorld Rnk 43 / 225
Flag Rnk 277 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $79.6M in Chocolate, making it the 45th largest exporter of Chocolate in the world. At the same year, Chocolate was the 363rd most exported product in Thailand. The main destination of Chocolate exports from Thailand are: Japan ($26.7M), Burma ($8.82M), United States ($7.32M), Malaysia ($5.53M), and China ($5.29M).

The fastest growing export markets for Chocolate of Thailand between 2021 and 2022 were Japan ($11.4M), United States ($2.92M), and Malaysia ($2.6M).

Imports In 2022, Thailand imported $158M in Chocolate, becoming the 43rd largest importer of Chocolate in the world. At the same year, Chocolate was the 277th most imported product in Thailand. Thailand imports Chocolate primarily from: Malaysia ($32.8M), United States ($22M), China ($18.6M), Indonesia ($11.9M), and Singapore ($11.9M).

The fastest growing import markets in Chocolate for Thailand between 2021 and 2022 were Malaysia ($3.98M), China ($3.95M), and Switzerland ($3.56M).

COMPANIES In 2023, leading companies such as Samsung (113), LG Electronics (7), and Loblaws Supermarkets (4) were at the forefront of shipping Chocolate from Thailand to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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 Chocolate. 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)$79.6M
IMPORTS (2022)$158M
NET TRADE (2022)-$78.7M

In 2022, Thailand exported $79.6M in Chocolate. The main destinations of Thailand exports on Chocolate were Japan ($26.7M), Burma ($8.82M), United States ($7.32M), Malaysia ($5.53M), and China ($5.29M).

In 2022, Thailand imported $158M in Chocolate, mainly from Malaysia ($32.8M), United States ($22M), China ($18.6M), Indonesia ($11.9M), and Singapore ($11.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Japan$11.4M (74.9%)
United States$2.92M (66.3%)
Malaysia$2.6M (88.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Thailand WERE (2021 - 2022):
Spain-$31.8k (-55.7%)
Egypt-$27.7k (-85.7%)
Iceland-$13.8k (-63.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Thailand's main importing competitors in Chocolate were:

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.01M
TOP IMPORT POTENTIALGermany+ $6.91M

Chocolate’s highest export potential is United States. With an export gap of $8.01M.   Chocolate’s highest import potential is Germany with an import gap of $6.91M.

See methodology.

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