2022
Exports
$507MWorld Rnk 50 / 149
Flag Rnk 112 / 1211
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$32.8BWorld Rnk 12 / 158
Flag Rnk 1 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $507M in Crude Petroleum, making it the 50th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 112th most exported product in Thailand. The main destination of Crude Petroleum exports from Thailand are: Malaysia ($329M), China ($143M), Singapore ($34.1M), Spain ($141), and Seychelles ($132).

The fastest growing export markets for Crude Petroleum of Thailand between 2021 and 2022 were Malaysia ($280M), Spain ($141), and Seychelles ($132).

Imports In 2022, Thailand imported $32.8B in Crude Petroleum, becoming the 12th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Thailand. Thailand imports Crude Petroleum primarily from: United Arab Emirates ($12.9B), Saudi Arabia ($4.54B), United States ($2.24B), Malaysia ($1.97B), and Libya ($1.67B).

The fastest growing import markets in Crude Petroleum for Thailand between 2021 and 2022 were United Arab Emirates ($6.95B), United States ($1.42B), and Australia ($1.08B).

Latest Trends

Sep 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 Crude Petroleum. 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)$507M
IMPORTS (2022)$32.8B
NET TRADE (2022)-$32.3B

In 2022, Thailand exported $507M in Crude Petroleum. The main destinations of Thailand exports on Crude Petroleum were Malaysia ($329M), China ($143M), Singapore ($34.1M), Spain ($141), and Seychelles ($132).

In 2022, Thailand imported $32.8B in Crude Petroleum, mainly from United Arab Emirates ($12.9B), Saudi Arabia ($4.54B), United States ($2.24B), Malaysia ($1.97B), and Libya ($1.67B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Malaysia$280M (572%)
Spain$141 (1%)
Seychelles$132 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Thailand WERE (2021 - 2022):
China-$111M (-43.6%)
Singapore-$34.3M (-50.2%)
Australia-$22M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Crude Petroleum were:
In 2022, Thailand's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $200M
TOP IMPORT POTENTIALMalaysia+ $813M

Crude Petroleum’s highest export potential is China. With an export gap of $200M.   Crude Petroleum’s highest import potential is Malaysia with an import gap of $813M.

See methodology.

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