2022
Exports
$40.1MWorld Rnk 46 / 166
Flag Rnk 478 / 1211
2022
PRODUCT COMPLEXITY IN Concentrated Milk
-0.77Rnk 774 / 1025
2022
Imports
$557MWorld Rnk 13 / 224
Flag Rnk 106 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $40.1M in Concentrated Milk, making it the 46th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 478th most exported product in Thailand. The main destination of Concentrated Milk exports from Thailand are: Laos ($7.46M), Cambodia ($6.79M), Japan ($5.63M), Burma ($5.58M), and Vietnam ($2.9M).

The fastest growing export markets for Concentrated Milk of Thailand between 2021 and 2022 were Cambodia ($1.78M), Philippines ($1.15M), and Malaysia ($445k).

Imports In 2022, Thailand imported $557M in Concentrated Milk, becoming the 13th largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 106th most imported product in Thailand. Thailand imports Concentrated Milk primarily from: New Zealand ($350M), Australia ($59.6M), United States ($47.2M), Belgium ($23M), and Netherlands ($19.4M).

The fastest growing import markets in Concentrated Milk for Thailand between 2021 and 2022 were New Zealand ($87.4M), United States ($13.3M), and Belgium ($6.86M).

COMPANIES In 2023, leading companies such as Loblaws Supermarkets (1) and ES Houseware (1) were at the forefront of shipping Concentrated Milk 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 Concentrated Milk. 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)$40.1M
IMPORTS (2022)$557M
NET TRADE (2022)-$517M

In 2022, Thailand exported $40.1M in Concentrated Milk. The main destinations of Thailand exports on Concentrated Milk were Laos ($7.46M), Cambodia ($6.79M), Japan ($5.63M), Burma ($5.58M), and Vietnam ($2.9M).

In 2022, Thailand imported $557M in Concentrated Milk, mainly from New Zealand ($350M), Australia ($59.6M), United States ($47.2M), Belgium ($23M), and Netherlands ($19.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Cambodia$1.78M (35.5%)
Philippines$1.15M (153%)
Malaysia$445k (56.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Thailand WERE (2021 - 2022):
Vietnam-$5M (-63.3%)
Burma-$1.01M (-15.3%)
Netherlands-$819k (-99.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Concentrated Milk were:
In 2022, Thailand's main importing competitors in Concentrated Milk were:
China $3.96B
Algeria $1.62B
Mexico $1.37B

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.51M
TOP IMPORT POTENTIALUnited States+ $10.6M

Concentrated Milk’s highest export potential is China. With an export gap of $2.51M.   Concentrated Milk’s highest import potential is United States with an import gap of $10.6M.

See methodology.

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