2022
Exports
$941MWorld Rnk 16 / 216
Flag Rnk 70 / 1211
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$1.13BWorld Rnk 18 / 226
Flag Rnk 44 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $941M in Electric Motors, making it the 16th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 70th most exported product in Thailand. The main destination of Electric Motors exports from Thailand are: Japan ($205M), United States ($133M), China ($104M), Philippines ($67.7M), and Germany ($67.4M).

The fastest growing export markets for Electric Motors of Thailand between 2021 and 2022 were Japan ($26.1M), China ($12M), and India ($6.67M).

Imports In 2022, Thailand imported $1.13B in Electric Motors, becoming the 18th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 44th most imported product in Thailand. Thailand imports Electric Motors primarily from: China ($601M), Japan ($157M), Indonesia ($76.8M), Vietnam ($55.8M), and Germany ($39.8M).

The fastest growing import markets in Electric Motors for Thailand between 2021 and 2022 were China ($23.1M), Serbia ($6.62M), and United States ($6.61M).

COMPANIES In 2023, leading companies such as Panasonic (132), Samsung (16), and Key Tronic (4) were at the forefront of shipping Electric Motors 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 Electric Motors. 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)$941M
IMPORTS (2022)$1.13B
NET TRADE (2022)-$189M

In 2022, Thailand exported $941M in Electric Motors. The main destinations of Thailand exports on Electric Motors were Japan ($205M), United States ($133M), China ($104M), Philippines ($67.7M), and Germany ($67.4M).

In 2022, Thailand imported $1.13B in Electric Motors, mainly from China ($601M), Japan ($157M), Indonesia ($76.8M), Vietnam ($55.8M), and Germany ($39.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Japan$26.1M (14.6%)
China$12M (13.1%)
India$6.67M (65.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Thailand WERE (2021 - 2022):
Philippines-$28.9M (-30%)
Hong Kong-$18.2M (-37.1%)
Chinese Taipei-$8.5M (-44%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Thailand's main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $78.2M
TOP IMPORT POTENTIALChina+ $50.5M

Electric Motors’s highest export potential is United States. With an export gap of $78.2M.   Electric Motors’s highest import potential is China with an import gap of $50.5M.

See methodology.

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