2023
Exports
$49.1MWorld Rnk 35 / 136
Flag Rnk 439 / 1212
2023
PRODUCT COMPLEXITY IN Silver
-0.85Rnk 794 / 1025
2023
Imports
$521MWorld Rnk 15 / 179
Flag Rnk 102 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $49.1M in Silver, making it the 35th largest exporter of Silver in the world. At the same year, Silver was the 439th most exported product in Thailand. The main destination of Silver exports from Thailand are: Germany ($31.8M), Japan ($3.32M), India ($2.56M), Indonesia ($2.52M), and Switzerland ($2.32M).

The fastest growing export markets for Silver of Thailand between 2022 and 2023 were Germany ($2.41M), United Kingdom ($329k), and Norway ($247k).

Imports In 2023, Thailand imported $521M in Silver, becoming the 15th largest importer of Silver in the world. At the same year, Silver was the 102nd most imported product in Thailand. Thailand imports Silver primarily from: China ($133M), Switzerland ($110M), Germany ($79.8M), Japan ($64.8M), and Hong Kong ($53.4M).

The fastest growing import markets in Silver for Thailand between 2022 and 2023 were Hong Kong ($41.9M), Switzerland ($34.3M), and Russia ($15.1M).

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 Silver. 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)$49.1M
IMPORTS (2023)$521M
NET TRADE (2023)-$472M

In 2023, Thailand exported $49.1M in Silver. The main destinations of Thailand exports on Silver were Germany ($31.8M), Japan ($3.32M), India ($2.56M), Indonesia ($2.52M), and Switzerland ($2.32M).

In 2023, Thailand imported $521M in Silver, mainly from China ($133M), Switzerland ($110M), Germany ($79.8M), Japan ($64.8M), and Hong Kong ($53.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Silver EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Germany$2.41M (8.19%)
United Kingdom$329k (1.73k%)
Norway$247k (5.96k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silver BY Thailand WERE (2022 - 2023):
Switzerland-$59.3M (-96.2%)
India-$4.79M (-65.2%)
New Zealand-$3.58M (-65.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Silver by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $7.25M
TOP IMPORT POTENTIALSouth Korea+ $10.2M

Silver’s highest export potential is India. With an export gap of $7.25M.   Silver’s highest import potential is South Korea with an import gap of $10.2M.

See methodology.

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