2023
Exports
$6.38BWorld Rnk 20 / 167
Flag Rnk 11 / 1212
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$7.75BWorld Rnk 11 / 174
Flag Rnk 4 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $6.38B in Gold, making it the 20th largest exporter of Gold in the world. At the same year, Gold was the 11th most exported product in Thailand. The main destination of Gold exports from Thailand are: Switzerland ($2.63B), Singapore ($2.48B), Hong Kong ($623M), Cambodia ($362M), and Laos ($69.6M).

The fastest growing export markets for Gold of Thailand between 2022 and 2023 were Singapore ($1.3B), Switzerland ($236M), and South Korea ($29.9M).

Imports In 2023, Thailand imported $7.75B in Gold, becoming the 11th largest importer of Gold in the world. At the same year, Gold was the 4th most imported product in Thailand. Thailand imports Gold primarily from: Switzerland ($3.17B), Hong Kong ($1.71B), Singapore ($770M), Cambodia ($616M), and Japan ($485M).

The fastest growing import markets in Gold for Thailand between 2022 and 2023 were Cambodia ($616M), Germany ($3.35M), and Chinese Taipei ($2.38M).

Latest Trends

Dec 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 Gold. 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 (2023)$6.38B
IMPORTS (2023)$7.75B
NET TRADE (2023)-$1.36B

In 2023, Thailand exported $6.38B in Gold. The main destinations of Thailand exports on Gold were Switzerland ($2.63B), Singapore ($2.48B), Hong Kong ($623M), Cambodia ($362M), and Laos ($69.6M).

In 2023, Thailand imported $7.75B in Gold, mainly from Switzerland ($3.17B), Hong Kong ($1.71B), Singapore ($770M), Cambodia ($616M), and Japan ($485M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Singapore$1.3B (110%)
Switzerland$236M (9.85%)
South Korea$29.9M (936%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Thailand WERE (2022 - 2023):
Cambodia-$726M (-66.7%)
Laos-$264M (-79.2%)
United Kingdom-$62.1M (-99.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Gold were:
In 2023, Thailand's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $104M
TOP IMPORT POTENTIALUnited Arab Emirates+ $209M

Gold’s highest export potential is India. With an export gap of $104M.   Gold’s highest import potential is United Arab Emirates with an import gap of $209M.

See methodology.

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