2022
Exports
$645MWorld Rnk 13 / 214
Flag Rnk 100 / 1211
2022
PRODUCT COMPLEXITY IN Thermostats
1.04Rnk 157 / 1025
2022
Imports
$1.37BWorld Rnk 4 / 223
Flag Rnk 37 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $645M in Thermostats, making it the 13th largest exporter of Thermostats in the world. At the same year, Thermostats was the 100th most exported product in Thailand. The main destination of Thermostats exports from Thailand are: Japan ($141M), Indonesia ($73.8M), China ($68.3M), India ($50.5M), and Brazil ($46.8M).

The fastest growing export markets for Thermostats of Thailand between 2021 and 2022 were Japan ($45.1M), Brazil ($11.6M), and Indonesia ($11.2M).

Imports In 2022, Thailand imported $1.37B in Thermostats, becoming the 4th largest importer of Thermostats in the world. At the same year, Thermostats was the 37th most imported product in Thailand. Thailand imports Thermostats primarily from: Japan ($707M), Malaysia ($286M), China ($141M), Philippines ($53.4M), and United States ($41M).

The fastest growing import markets in Thermostats for Thailand between 2021 and 2022 were Malaysia ($79.8M), Japan ($36.5M), and United States ($17.3M).

COMPANIES In 2023, leading companies such as Panasonic (22) and Electrolux (7) were at the forefront of shipping Thermostats from Thailand to the United States.

Latest Trends

Jul 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 Thermostats. 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 (2022)$645M
IMPORTS (2022)$1.37B
NET TRADE (2022)-$728M

In 2022, Thailand exported $645M in Thermostats. The main destinations of Thailand exports on Thermostats were Japan ($141M), Indonesia ($73.8M), China ($68.3M), India ($50.5M), and Brazil ($46.8M).

In 2022, Thailand imported $1.37B in Thermostats, mainly from Japan ($707M), Malaysia ($286M), China ($141M), Philippines ($53.4M), and United States ($41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Japan$45.1M (47%)
Brazil$11.6M (32.8%)
Indonesia$11.2M (18%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Thailand WERE (2021 - 2022):
China-$17.3M (-20.2%)
Vietnam-$15.5M (-54.9%)
South Africa-$12.8M (-65.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Thailand's main importing competitors in Thermostats were:

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $44.6M
TOP IMPORT POTENTIALChina+ $52.2M

Thermostats’s highest export potential is China. With an export gap of $44.6M.   Thermostats’s highest import potential is China with an import gap of $52.2M.

See methodology.

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