2022
Exports
$3.13BWorld Rnk 19 / 221
Flag Rnk 14 / 21
2022
PRODUCT COMPLEXITY IN Wood Products
0.3Rnk 451 / 1025
2022
Imports
$697MWorld Rnk 43 / 226
Flag Rnk 19 / 21
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $3.13B in Wood Products, making it the 19th largest exporter of Wood Products in the world. At the same year, Wood Products was the 14th most exported product in Thailand. The main destination of Wood Products exports from Thailand are: China ($1.19B), South Korea ($222M), United States ($204M), United Arab Emirates ($196M), and Saudi Arabia ($190M).

The fastest growing export markets for Wood Products of Thailand between 2021 and 2022 were Japan ($58.4M), Lebanon ($20.2M), and United Arab Emirates ($17.8M).

Imports In 2022, Thailand imported $697M in Wood Products, becoming the 43rd largest importer of Wood Products in the world. At the same year, Wood Products was the 19th most imported product in Thailand. Thailand imports Wood Products primarily from: China ($346M), Malaysia ($64.1M), Vietnam ($51.4M), United States ($26.6M), and New Zealand ($25.5M).

The fastest growing import markets in Wood Products for Thailand between 2021 and 2022 were China ($25.8M), United Arab Emirates ($14.5M), and United States ($5.79M).

COMPANIES In 2023, leading companies such as Samsung (675), IKEA Group (170), and ZF Friedrichshafen (36) were at the forefront of shipping Wood Products 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 Wood Products. 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)$3.13B
IMPORTS (2022)$697M
NET TRADE (2022)$2.43B

In 2022, Thailand exported $3.13B in Wood Products. The main destinations of Thailand exports on Wood Products were China ($1.19B), South Korea ($222M), United States ($204M), United Arab Emirates ($196M), and Saudi Arabia ($190M).

In 2022, Thailand imported $697M in Wood Products, mainly from China ($346M), Malaysia ($64.1M), Vietnam ($51.4M), United States ($26.6M), and New Zealand ($25.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Japan$58.4M (50.1%)
Lebanon$20.2M (75.2%)
United Arab Emirates$17.8M (9.97%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Thailand WERE (2021 - 2022):
Egypt-$44M (-34%)
Malaysia-$40.2M (-27.5%)
South Korea-$30.3M (-12%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Wood Products were:
China $20.4B
Canada $20.1B
In 2022, Thailand's main importing competitors in Wood Products were:

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $51.4M
TOP IMPORT POTENTIALChina+ $24.3M

Wood Products’s highest export potential is United States. With an export gap of $51.4M.   Wood Products’s highest import potential is China with an import gap of $24.3M.

See methodology.

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