2023
Exports
$58.6MWorld Rnk 13 / 128
Flag Rnk 410 / 1212
2023
PRODUCT COMPLEXITY IN Stainless Steel Wire
1.45Rnk 53 / 1025
2023
Imports
$48.5MWorld Rnk 18 / 203
Flag Rnk 480 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $58.6M in Stainless Steel Wire, making it the 13th largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 410th most exported product in Thailand. The main destination of Stainless Steel Wire exports from Thailand are: Costa Rica ($16.9M), Japan ($14.5M), Indonesia ($7.48M), Philippines ($4.99M), and Chinese Taipei ($3.95M).

The fastest growing export markets for Stainless Steel Wire of Thailand between 2022 and 2023 were Costa Rica ($5.09M), Philippines ($4.51M), and Saudi Arabia ($1.33M).

Imports In 2023, Thailand imported $48.5M in Stainless Steel Wire, becoming the 18th largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 480th most imported product in Thailand. Thailand imports Stainless Steel Wire primarily from: Japan ($21.9M), China ($13.7M), South Korea ($3.77M), Vietnam ($2.9M), and India ($2.39M).

The fastest growing import markets in Stainless Steel Wire for Thailand between 2022 and 2023 were United States ($208k), Philippines ($107k), and Switzerland ($86.4k).

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 Stainless Steel Wire. 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)$58.6M
IMPORTS (2023)$48.5M
NET TRADE (2023)$10M

In 2023, Thailand exported $58.6M in Stainless Steel Wire. The main destinations of Thailand exports on Stainless Steel Wire were Costa Rica ($16.9M), Japan ($14.5M), Indonesia ($7.48M), Philippines ($4.99M), and Chinese Taipei ($3.95M).

In 2023, Thailand imported $48.5M in Stainless Steel Wire, mainly from Japan ($21.9M), China ($13.7M), South Korea ($3.77M), Vietnam ($2.9M), and India ($2.39M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Costa Rica$5.09M (43.1%)
Philippines$4.51M (951%)
Saudi Arabia$1.33M (280%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY Thailand WERE (2022 - 2023):
Vietnam-$8.26M (-83.3%)
Japan-$5.14M (-26.1%)
China-$1.1M (-84.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Stainless Steel Wire were:
In 2023, Thailand's main importing competitors in Stainless Steel Wire were:

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.69M
TOP IMPORT POTENTIALIndia+ $2.76M

Stainless Steel Wire’s highest export potential is United States. With an export gap of $1.69M.   Stainless Steel Wire’s highest import potential is India with an import gap of $2.76M.

See methodology.

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