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Exports In 2023, Thailand exported $18.9M in Animal Extracts, making it the 5th largest exporter of Animal Extracts in the world. At the same year, Animal Extracts was the 603rd most exported product in Thailand. The main destination of Animal Extracts exports from Thailand are: Hong Kong ($6.37M), Japan ($5.44M), Philippines ($2.24M), Singapore ($942k), and Burma ($891k).

The fastest growing export markets for Animal Extracts of Thailand between 2022 and 2023 were Hong Kong ($2.38M), Singapore ($901k), and Japan ($626k).

Imports In 2023, Thailand imported $1.01M in Animal Extracts, becoming the 33rd largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 1074th most imported product in Thailand. Thailand imports Animal Extracts primarily from: Japan ($297k), Malaysia ($276k), New Zealand ($139k), China ($79.7k), and South Korea ($64.3k).

The fastest growing import markets in Animal Extracts for Thailand between 2022 and 2023 were China ($55.1k), New Zealand ($41.5k), and Chinese Taipei ($32.4k).

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 Animal Extracts. 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)$18.9M
IMPORTS (2023)$1.01M
NET TRADE (2023)$17.9M

In 2023, Thailand exported $18.9M in Animal Extracts. The main destinations of Thailand exports on Animal Extracts were Hong Kong ($6.37M), Japan ($5.44M), Philippines ($2.24M), Singapore ($942k), and Burma ($891k).

In 2023, Thailand imported $1.01M in Animal Extracts, mainly from Japan ($297k), Malaysia ($276k), New Zealand ($139k), China ($79.7k), and South Korea ($64.3k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Animal Extracts EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Hong Kong$2.38M (59.5%)
Singapore$901k (2.21k%)
Japan$626k (13%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Extracts BY Thailand WERE (2022 - 2023):
South Korea-$753k (-80.8%)
Burma-$399k (-30.9%)
Australia-$205k (-29.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Animal Extracts were:
China $21.8M
Italy $20.7M
In 2023, Thailand's main importing competitors in Animal Extracts were:

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALSouth Korea+ $152k
TOP IMPORT POTENTIALMalaysia+ $59.8k

Animal Extracts’s highest export potential is South Korea. With an export gap of $152k.   Animal Extracts’s highest import potential is Malaysia with an import gap of $59.8k.

See methodology.

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