2023
Exports
$4.82MWorld Rnk 34 / 90
Flag Rnk 801 / 1212
2023
PRODUCT COMPLEXITY IN Steel Bars
0.38Rnk 420 / 1025
2023
Imports
$378MWorld Rnk 2 / 166
Flag Rnk 141 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $4.82M in Steel Bars, making it the 34th largest exporter of Steel Bars in the world. At the same year, Steel Bars was the 801st most exported product in Thailand. The main destination of Steel Bars exports from Thailand are: China ($2.35M), Indonesia ($1.18M), Pakistan ($1.12M), Cambodia ($109k), and Laos ($33.8k).

The fastest growing export markets for Steel Bars of Thailand between 2022 and 2023 were Indonesia ($360k), Pakistan ($290k), and China ($122k).

Imports In 2023, Thailand imported $378M in Steel Bars, becoming the 2nd largest importer of Steel Bars in the world. At the same year, Steel Bars was the 141st most imported product in Thailand. Thailand imports Steel Bars primarily from: China ($216M), Japan ($98.8M), Russia ($25.5M), Vietnam ($14.8M), and South Korea ($14M).

The fastest growing import markets in Steel Bars for Thailand between 2022 and 2023 were China ($20.6M), South Korea ($6.14M), and Chinese Taipei ($787k).

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 Steel Bars. 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)$4.82M
IMPORTS (2023)$378M
NET TRADE (2023)-$374M

In 2023, Thailand exported $4.82M in Steel Bars. The main destinations of Thailand exports on Steel Bars were China ($2.35M), Indonesia ($1.18M), Pakistan ($1.12M), Cambodia ($109k), and Laos ($33.8k).

In 2023, Thailand imported $378M in Steel Bars, mainly from China ($216M), Japan ($98.8M), Russia ($25.5M), Vietnam ($14.8M), and South Korea ($14M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steel Bars EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Indonesia$360k (43.7%)
Pakistan$290k (34.8%)
China$122k (5.47%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steel Bars BY Thailand WERE (2022 - 2023):
Chinese Taipei-$6.16M (-100%)
Vietnam-$205k (-100%)
India-$179k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $774k
TOP IMPORT POTENTIALIndia+ $2.76M

Steel Bars’s highest export potential is China. With an export gap of $774k.   Steel Bars’s highest import potential is India with an import gap of $2.76M.

See methodology.

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