2022
Exports
$704MWorld Rnk 44 / 223
Flag Rnk 52 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$3.07BWorld Rnk 38 / 226
Flag Rnk 16 / 96
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $704M in Pharmaceutical products, making it the 44th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 52nd most exported product in Thailand. The main destination of Pharmaceutical products exports from Thailand are: Vietnam ($109M), Burma ($94M), Cambodia ($74.9M), Japan ($47.4M), and Philippines ($42M).

The fastest growing export markets for Pharmaceutical products of Thailand between 2021 and 2022 were Malaysia ($13.1M), United States ($10.2M), and Cambodia ($9.47M).

Imports In 2022, Thailand imported $3.07B in Pharmaceutical products, becoming the 38th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 16th most imported product in Thailand. Thailand imports Pharmaceutical products primarily from: Germany ($582M), United States ($385M), Belgium ($313M), India ($196M), and Switzerland ($187M).

The fastest growing import markets in Pharmaceutical products for Thailand between 2021 and 2022 were United States ($100M), Sweden ($97.2M), and Germany ($84.6M).

COMPANIES In 2023, leading companies such as LG Electronics (3) and L'Oreal (1) were at the forefront of shipping Pharmaceutical products from Thailand to the United States.

Latest Trends

Sep 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 Pharmaceutical products. 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)$704M
IMPORTS (2022)$3.07B
NET TRADE (2022)-$2.37B

In 2022, Thailand exported $704M in Pharmaceutical products. The main destinations of Thailand exports on Pharmaceutical products were Vietnam ($109M), Burma ($94M), Cambodia ($74.9M), Japan ($47.4M), and Philippines ($42M).

In 2022, Thailand imported $3.07B in Pharmaceutical products, mainly from Germany ($582M), United States ($385M), Belgium ($313M), India ($196M), and Switzerland ($187M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Malaysia$13.1M (46.7%)
United States$10.2M (42.4%)
Cambodia$9.47M (14.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Thailand WERE (2021 - 2022):
Indonesia-$23.8M (-70.8%)
Russia-$6.4M (-79.2%)
Ukraine-$4.48M (-83.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Pharmaceutical products were:
In 2022, Thailand's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $43.3M
TOP IMPORT POTENTIALGermany+ $154M

Pharmaceutical products’s highest export potential is United States. With an export gap of $43.3M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $154M.

See methodology.

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