2022
Exports
$134MWorld Rnk 13 / 182
Flag Rnk 277 / 1211
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$470MWorld Rnk 9 / 216
Flag Rnk 125 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $134M in Electromagnets, making it the 13th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 277th most exported product in Thailand. The main destination of Electromagnets exports from Thailand are: Japan ($38.7M), China ($26.7M), Malaysia ($12.6M), United States ($10M), and Czechia ($8.18M).

The fastest growing export markets for Electromagnets of Thailand between 2021 and 2022 were Japan ($9.4M), United States ($5.97M), and India ($1.26M).

Imports In 2022, Thailand imported $470M in Electromagnets, becoming the 9th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 125th most imported product in Thailand. Thailand imports Electromagnets primarily from: China ($277M), Japan ($86.4M), Malaysia ($23.7M), Vietnam ($21.9M), and South Korea ($16.1M).

The fastest growing import markets in Electromagnets for Thailand between 2021 and 2022 were China ($77.7M), Indonesia ($4.63M), and Vietnam ($2.64M).

COMPANIES In 2023, leading companies such as Tesla (14) and Electrolux (3) were at the forefront of shipping Electromagnets 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 Electromagnets. 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)$134M
IMPORTS (2022)$470M
NET TRADE (2022)-$337M

In 2022, Thailand exported $134M in Electromagnets. The main destinations of Thailand exports on Electromagnets were Japan ($38.7M), China ($26.7M), Malaysia ($12.6M), United States ($10M), and Czechia ($8.18M).

In 2022, Thailand imported $470M in Electromagnets, mainly from China ($277M), Japan ($86.4M), Malaysia ($23.7M), Vietnam ($21.9M), and South Korea ($16.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Japan$9.4M (32.1%)
United States$5.97M (147%)
India$1.26M (31.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Thailand WERE (2021 - 2022):
France-$9.24M (-97%)
China-$8.12M (-23.3%)
Cambodia-$4.62M (-48.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Thailand's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.75M
TOP IMPORT POTENTIALPhilippines+ $8.14M

Electromagnets’s highest export potential is China. With an export gap of $9.75M.   Electromagnets’s highest import potential is Philippines with an import gap of $8.14M.

See methodology.

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