2023
Exports
$41.2MWorld Rnk 12 / 139
Flag Rnk 473 / 1212
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$27MWorld Rnk 19 / 187
Flag Rnk 609 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $41.2M in Molasses, making it the 12th largest exporter of Molasses in the world. At the same year, Molasses was the 473rd most exported product in Thailand. The main destination of Molasses exports from Thailand are: Japan ($24.6M), Philippines ($11.9M), Malaysia ($3.26M), United Kingdom ($720k), and Netherlands ($244k).

The fastest growing export markets for Molasses of Thailand between 2022 and 2023 were Philippines ($4.63M), Netherlands ($54.8k), and Laos ($39k).

Imports In 2023, Thailand imported $27M in Molasses, becoming the 19th largest importer of Molasses in the world. At the same year, Molasses was the 609th most imported product in Thailand. Thailand imports Molasses primarily from: Indonesia ($16.1M), Laos ($6.31M), Vietnam ($2.55M), Malaysia ($1.79M), and Egypt ($84.7k).

The fastest growing import markets in Molasses for Thailand between 2022 and 2023 were Indonesia ($7.46M), Vietnam ($2.55M), and Laos ($2.11M).

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 Molasses. 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)$41.2M
IMPORTS (2023)$27M
NET TRADE (2023)$14.2M

In 2023, Thailand exported $41.2M in Molasses. The main destinations of Thailand exports on Molasses were Japan ($24.6M), Philippines ($11.9M), Malaysia ($3.26M), United Kingdom ($720k), and Netherlands ($244k).

In 2023, Thailand imported $27M in Molasses, mainly from Indonesia ($16.1M), Laos ($6.31M), Vietnam ($2.55M), Malaysia ($1.79M), and Egypt ($84.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Philippines$4.63M (63.4%)
Netherlands$54.8k (29%)
Laos$39k (136%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Thailand WERE (2022 - 2023):
South Korea-$6.05M (-100%)
Japan-$1.6M (-6.09%)
Malaysia-$251k (-7.16%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALPhilippines+ $585k
TOP IMPORT POTENTIALIndia+ $1.73M

Molasses’s highest export potential is Philippines. With an export gap of $585k.   Molasses’s highest import potential is India with an import gap of $1.73M.

See methodology.

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