2023
Exports
$3.81BWorld Rnk 3 / 186
Flag Rnk 17 / 1212
2023
PRODUCT COMPLEXITY IN Raw Sugar
-1.88Rnk 988 / 1025
2023
Imports
$177MWorld Rnk 59 / 225
Flag Rnk 243 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $3.81B in Raw Sugar, making it the 3rd largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 17th most exported product in Thailand. The main destination of Raw Sugar exports from Thailand are: Indonesia ($1.26B), Philippines ($424M), South Korea ($362M), Cambodia ($351M), and Malaysia ($307M).

The fastest growing export markets for Raw Sugar of Thailand between 2022 and 2023 were Philippines ($182M), Malaysia ($88.4M), and Indonesia ($70.3M).

Imports In 2023, Thailand imported $177M in Raw Sugar, becoming the 59th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 243rd most imported product in Thailand. Thailand imports Raw Sugar primarily from: India ($77.5M), Brazil ($42.9M), Indonesia ($17.9M), Pakistan ($16.1M), and China ($6.62M).

The fastest growing import markets in Raw Sugar for Thailand between 2022 and 2023 were Brazil ($42.9M), Indonesia ($17.9M), and Pakistan ($16.1M).

COMPANIES In 2024, leading companies such as Dollarama (2) were at the forefront of shipping Raw Sugar from Thailand to the United States.

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 Raw Sugar. 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)$3.81B
IMPORTS (2023)$177M
NET TRADE (2023)$3.63B

In 2023, Thailand exported $3.81B in Raw Sugar. The main destinations of Thailand exports on Raw Sugar were Indonesia ($1.26B), Philippines ($424M), South Korea ($362M), Cambodia ($351M), and Malaysia ($307M).

In 2023, Thailand imported $177M in Raw Sugar, mainly from India ($77.5M), Brazil ($42.9M), Indonesia ($17.9M), Pakistan ($16.1M), and China ($6.62M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Philippines$182M (75%)
Malaysia$88.4M (40.4%)
Indonesia$70.3M (5.89%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Thailand WERE (2022 - 2023):
China-$57.9M (-42.1%)
Sudan-$48.8M (-100%)
Tanzania-$42M (-56.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Raw Sugar were:
Brazil $16.2B
India $3.97B
In 2023, Thailand's main importing competitors in Raw Sugar were:

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $86.7M
TOP IMPORT POTENTIALIndia+ $10.5M

Raw Sugar’s highest export potential is China. With an export gap of $86.7M.   Raw Sugar’s highest import potential is India with an import gap of $10.5M.

See methodology.

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