2022
Exports
$529MWorld Rnk 23 / 226
Flag Rnk 56 / 96
2022
PRODUCT COMPLEXITY IN Tools & cutlery
1.7Rnk 24 / 1025
2022
Imports
$970MWorld Rnk 22 / 225
Flag Rnk 43 / 96
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $529M in Tools & cutlery, making it the 23rd largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 56th most exported product in Thailand. The main destination of Tools & cutlery exports from Thailand are: United States ($170M), Japan ($91M), China ($34.9M), Hong Kong ($24.7M), and Vietnam ($20M).

The fastest growing export markets for Tools & cutlery of Thailand between 2021 and 2022 were United States ($27.5M), India ($9.05M), and Hong Kong ($2.84M).

Imports In 2022, Thailand imported $970M in Tools & cutlery, becoming the 22nd largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 43rd most imported product in Thailand. Thailand imports Tools & cutlery primarily from: China ($425M), Japan ($249M), South Korea ($48.4M), Chinese Taipei ($41M), and Germany ($34.7M).

The fastest growing import markets in Tools & cutlery for Thailand between 2021 and 2022 were United States ($7.47M), South Korea ($7.3M), and China ($5.36M).

COMPANIES In 2023, leading companies such as Samsung (122), LG Electronics (83), and Stanley Black & Decker (40) were at the forefront of shipping Tools & cutlery from Thailand to the United States.

Latest Trends

Nov 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 Tools & cutlery. 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)$529M
IMPORTS (2022)$970M
NET TRADE (2022)-$442M

In 2022, Thailand exported $529M in Tools & cutlery. The main destinations of Thailand exports on Tools & cutlery were United States ($170M), Japan ($91M), China ($34.9M), Hong Kong ($24.7M), and Vietnam ($20M).

In 2022, Thailand imported $970M in Tools & cutlery, mainly from China ($425M), Japan ($249M), South Korea ($48.4M), Chinese Taipei ($41M), and Germany ($34.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
United States$27.5M (19.3%)
India$9.05M (110%)
Hong Kong$2.84M (13%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY Thailand WERE (2021 - 2022):
Indonesia-$18.2M (-61.4%)
Burma-$6.89M (-47.8%)
Brazil-$6.81M (-74.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Tools & cutlery were:
In 2022, Thailand's main importing competitors in Tools & cutlery were:

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $17.1M
TOP IMPORT POTENTIALChina+ $48.5M

Tools & cutlery’s highest export potential is China. With an export gap of $17.1M.   Tools & cutlery’s highest import potential is China with an import gap of $48.5M.

See methodology.

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