2023
Exports
$1.23BWorld Rnk 12 / 216
Flag Rnk 47 / 1212
2023
PRODUCT COMPLEXITY IN Electric Heaters
0.45Rnk 380 / 1025
2023
Imports
$570MWorld Rnk 27 / 225
Flag Rnk 94 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $1.23B in Electric Heaters, making it the 12th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 47th most exported product in Thailand. The main destination of Electric Heaters exports from Thailand are: United States ($628M), Japan ($210M), Canada ($109M), Australia ($37.3M), and Vietnam ($35.5M).

The fastest growing export markets for Electric Heaters of Thailand between 2022 and 2023 were Mexico ($11.1M), South Africa ($8.82M), and South Korea ($2.63M).

Imports In 2023, Thailand imported $570M in Electric Heaters, becoming the 27th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 94th most imported product in Thailand. Thailand imports Electric Heaters primarily from: China ($397M), Vietnam ($40.3M), Malaysia ($36.1M), Japan ($17.2M), and Germany ($13.7M).

The fastest growing import markets in Electric Heaters for Thailand between 2022 and 2023 were Germany ($5.13M), Philippines ($3.82M), and Malaysia ($1.01M).

Latest Trends

Jan 2025

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 Electric Heaters. 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)$1.23B
IMPORTS (2023)$570M
NET TRADE (2023)$661M

In 2023, Thailand exported $1.23B in Electric Heaters. The main destinations of Thailand exports on Electric Heaters were United States ($628M), Japan ($210M), Canada ($109M), Australia ($37.3M), and Vietnam ($35.5M).

In 2023, Thailand imported $570M in Electric Heaters, mainly from China ($397M), Vietnam ($40.3M), Malaysia ($36.1M), Japan ($17.2M), and Germany ($13.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Mexico$11.1M (710%)
South Africa$8.82M (2.62k%)
South Korea$2.63M (126%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Thailand WERE (2022 - 2023):
United States-$185M (-22.7%)
Japan-$29.5M (-12.3%)
Vietnam-$18.4M (-34.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Electric Heaters were:
Germany $4.19B
Italy $2.87B
In 2023, Thailand's main importing competitors in Electric Heaters were:

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $22.2M
TOP IMPORT POTENTIALChina+ $76.5M

Electric Heaters’s highest export potential is United Kingdom. With an export gap of $22.2M.   Electric Heaters’s highest import potential is China with an import gap of $76.5M.

See methodology.

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