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The fastest growing export markets for Refined Petroleum of Thailand between 2022 and 2023 were Hong Kong ($179M), Bangladesh ($161M), and Laos ($104M).

The fastest growing import markets in Refined Petroleum for Thailand between 2022 and 2023 were Singapore ($281M), Australia ($43.5M), and Tunisia ($31.4M).

COMPANIES In 2024, leading companies such as Cooper Lighting Solutions (2) and Linglong Tire (1) were at the forefront of shipping Refined Petroleum 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 Refined Petroleum. 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)$8.57B

In N/A, Thailand imported N/A in Refined Petroleum, mainly from Singapore ($1.19B), United Arab Emirates ($917M), Kuwait ($445M), Malaysia ($438M), and South Korea ($359M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Hong Kong$179M (4.55k%)
Bangladesh$161M (197%)
Laos$104M (9.26%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Thailand WERE (2022 - 2023):
Malaysia-$393M (-42.7%)
Vietnam-$186M (-15.8%)
Cambodia-$173M (-9.26%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALMalaysia+ $423M
TOP IMPORT POTENTIALMalaysia+ $385M

Refined Petroleum’s highest export potential is Malaysia. With an export gap of $423M.   Refined Petroleum’s highest import potential is Malaysia with an import gap of $385M.

See methodology.

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