2023
Exports
$543kWorld Rnk 61 / 117
Flag Rnk 1022 / 1212
2023
PRODUCT COMPLEXITY IN Rapeseed Oil
0.16Rnk 502 / 1025
2023
Imports
$5.16MWorld Rnk 57 / 209
Flag Rnk 924 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $543k in Rapeseed Oil, making it the 61st largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 1022nd most exported product in Thailand. The main destination of Rapeseed Oil exports from Thailand are: United States ($180k), Philippines ($122k), Hong Kong ($72.9k), Chinese Taipei ($60.1k), and Burma ($43.9k).

The fastest growing export markets for Rapeseed Oil of Thailand between 2022 and 2023 were United States ($151k), Hong Kong ($54.5k), and Guatemala ($32.5k).

Imports In 2023, Thailand imported $5.16M in Rapeseed Oil, becoming the 57th largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 924th most imported product in Thailand. Thailand imports Rapeseed Oil primarily from: Malaysia ($3.85M), Japan ($351k), Australia ($216k), Czechia ($192k), and India ($166k).

The fastest growing import markets in Rapeseed Oil for Thailand between 2022 and 2023 were Malaysia ($853k), Czechia ($116k), and United Kingdom ($83.4k).

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 Rapeseed Oil. 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)$543k
IMPORTS (2023)$5.16M
NET TRADE (2023)-$4.62M

In 2023, Thailand exported $543k in Rapeseed Oil. The main destinations of Thailand exports on Rapeseed Oil were United States ($180k), Philippines ($122k), Hong Kong ($72.9k), Chinese Taipei ($60.1k), and Burma ($43.9k).

In 2023, Thailand imported $5.16M in Rapeseed Oil, mainly from Malaysia ($3.85M), Japan ($351k), Australia ($216k), Czechia ($192k), and India ($166k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
United States$151k (516%)
Hong Kong$54.5k (296%)
Guatemala$32.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY Thailand WERE (2022 - 2023):
Philippines-$195k (-61.5%)
Malaysia-$86.7k (-100%)
Japan-$46.3k (-67.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Rapeseed Oil were:
Canada $5.22B
Russia $1.59B
Germany $1.47B
In 2023, Thailand's main importing competitors in Rapeseed Oil were:

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Trade Value of Rapeseed Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $109k
TOP IMPORT POTENTIALMalaysia+ $477k

Rapeseed Oil’s highest export potential is United States. With an export gap of $109k.   Rapeseed Oil’s highest import potential is Malaysia with an import gap of $477k.

See methodology.

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