2023
Exports
$1.73BWorld Rnk 22 / 223
Flag Rnk 32 / 1212
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$2.16BWorld Rnk 20 / 225
Flag Rnk 18 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $1.73B in Insulated Wire, making it the 22nd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 32nd most exported product in Thailand. The main destination of Insulated Wire exports from Thailand are: Japan ($537M), United States ($231M), Cambodia ($125M), Vietnam ($104M), and Philippines ($76.1M).

The fastest growing export markets for Insulated Wire of Thailand between 2022 and 2023 were Hong Kong ($30.4M), Philippines ($14.7M), and Turkey ($9.43M).

Imports In 2023, Thailand imported $2.16B in Insulated Wire, becoming the 20th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 18th most imported product in Thailand. Thailand imports Insulated Wire primarily from: China ($1.07B), United States ($195M), Vietnam ($151M), Japan ($131M), and Cambodia ($113M).

The fastest growing import markets in Insulated Wire for Thailand between 2022 and 2023 were Romania ($15.2M), Mexico ($9.49M), and Switzerland ($4.43M).

COMPANIES In 2024, leading companies such as Samsung (46), Electrolux (11), and Toyota (2) were at the forefront of shipping Insulated Wire from Thailand to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Insulated Wire. 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)$1.73B
IMPORTS (2023)$2.16B
NET TRADE (2023)-$434M

In 2023, Thailand exported $1.73B in Insulated Wire. The main destinations of Thailand exports on Insulated Wire were Japan ($537M), United States ($231M), Cambodia ($125M), Vietnam ($104M), and Philippines ($76.1M).

In 2023, Thailand imported $2.16B in Insulated Wire, mainly from China ($1.07B), United States ($195M), Vietnam ($151M), Japan ($131M), and Cambodia ($113M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Hong Kong$30.4M (84.6%)
Philippines$14.7M (24%)
Turkey$9.43M (54.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Thailand WERE (2022 - 2023):
United States-$24.9M (-9.73%)
China-$22.7M (-24.1%)
Japan-$19.3M (-3.47%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $145M
TOP IMPORT POTENTIALChina+ $91.8M

Insulated Wire’s highest export potential is United States. With an export gap of $145M.   Insulated Wire’s highest import potential is China with an import gap of $91.8M.

See methodology.

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