2018
Exports
$3.47BWorld Rnk 9 / 223
Flag Rnk 17 / 1211
2022
PRODUCT COMPLEXITY IN Electrical Transformers
0.65Rnk 294 / 1025
2018
Imports
$1.85BWorld Rnk 22 / 225
Flag Rnk 27 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2018, Thailand exported $3.47B in Electrical Transformers, making it the 9th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 17th most exported product in Thailand. The main destination of Electrical Transformers exports from Thailand are: United States ($1.38B), China ($257M), Mexico ($234M), Japan ($207M), and Netherlands ($206M).

The fastest growing export markets for Electrical Transformers of Thailand between 2021 and 2022 were United States ($471M), Mexico ($133M), and Italy ($103M).

Imports In 2022, Thailand imported $1.85B in Electrical Transformers, becoming the 22nd largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 27th most imported product in Thailand. Thailand imports Electrical Transformers primarily from: China ($1.17B), Japan ($151M), Vietnam ($73M), Philippines ($52.3M), and Malaysia ($48.3M).

The fastest growing import markets in Electrical Transformers for Thailand between 2021 and 2022 were China ($246M), Vietnam ($34.5M), and Philippines ($17.4M).

COMPANIES In 2023, leading companies such as Panasonic (66), Linak (59), and Tesla (53) were at the forefront of shipping Electrical Transformers 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 Electrical Transformers. 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)$3.47B
IMPORTS (2022)$1.85B
NET TRADE (2022)$1.62B

In 2022, Thailand exported $3.47B in Electrical Transformers. The main destinations of Thailand exports on Electrical Transformers were United States ($1.38B), China ($257M), Mexico ($234M), Japan ($207M), and Netherlands ($206M).

In 2022, Thailand imported $1.85B in Electrical Transformers, mainly from China ($1.17B), Japan ($151M), Vietnam ($73M), Philippines ($52.3M), and Malaysia ($48.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
United States$471M (52.1%)
Mexico$133M (131%)
Italy$103M (230%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Thailand WERE (2021 - 2022):
Chile-$6.14M (-89.4%)
Cambodia-$4.67M (-27.9%)
Sri Lanka-$4.41M (-86.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Electrical Transformers were:
In 2022, Thailand's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $164M
TOP IMPORT POTENTIALChina+ $161M

Electrical Transformers’s highest export potential is China. With an export gap of $164M.   Electrical Transformers’s highest import potential is China with an import gap of $161M.

See methodology.

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