2022
Exports
$33.4MWorld Rnk 22 / 158
Flag Rnk 507 / 1211
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$109MWorld Rnk 13 / 213
Flag Rnk 347 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $33.4M in Industrial Furnaces, making it the 22nd largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 507th most exported product in Thailand. The main destination of Industrial Furnaces exports from Thailand are: Mexico ($12.8M), Saudi Arabia ($7.34M), United States ($4.21M), Indonesia ($2.86M), and Vietnam ($1.8M).

The fastest growing export markets for Industrial Furnaces of Thailand between 2021 and 2022 were Mexico ($6.55M), Saudi Arabia ($3.79M), and Vietnam ($1.05M).

Imports In 2022, Thailand imported $109M in Industrial Furnaces, becoming the 13th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 347th most imported product in Thailand. Thailand imports Industrial Furnaces primarily from: China ($61.6M), Japan ($10.9M), India ($6.37M), Germany ($5.6M), and South Korea ($5.57M).

The fastest growing import markets in Industrial Furnaces for Thailand between 2021 and 2022 were China ($16.7M), South Korea ($3.66M), and Japan ($3.5M).

Latest Trends

Aug 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 Industrial Furnaces. 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)$33.4M
IMPORTS (2022)$109M
NET TRADE (2022)-$75.7M

In 2022, Thailand exported $33.4M in Industrial Furnaces. The main destinations of Thailand exports on Industrial Furnaces were Mexico ($12.8M), Saudi Arabia ($7.34M), United States ($4.21M), Indonesia ($2.86M), and Vietnam ($1.8M).

In 2022, Thailand imported $109M in Industrial Furnaces, mainly from China ($61.6M), Japan ($10.9M), India ($6.37M), Germany ($5.6M), and South Korea ($5.57M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Mexico$6.55M (105%)
Saudi Arabia$3.79M (107%)
Vietnam$1.05M (139%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Thailand WERE (2021 - 2022):
Qatar-$31.4M (-100%)
Singapore-$4.68M (-100%)
United States-$1.86M (-30.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Thailand's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $1.92M
TOP IMPORT POTENTIALItaly+ $2.05M

Industrial Furnaces’s highest export potential is Indonesia. With an export gap of $1.92M.   Industrial Furnaces’s highest import potential is Italy with an import gap of $2.05M.

See methodology.

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