2022
Exports
$116MWorld Rnk 12 / 152
Flag Rnk 298 / 1211
2022
PRODUCT COMPLEXITY IN Fermented Milk Products
-0.22Rnk 622 / 1025
2022
Imports
$52.7MWorld Rnk 25 / 219
Flag Rnk 493 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $116M in Fermented Milk Products, making it the 12th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 298th most exported product in Thailand. The main destination of Fermented Milk Products exports from Thailand are: Philippines ($51.1M), Laos ($16.6M), Cambodia ($14M), Vietnam ($11.4M), and Burma ($8.87M).

The fastest growing export markets for Fermented Milk Products of Thailand between 2021 and 2022 were Philippines ($6.73M), Cambodia ($3.51M), and Laos ($3.15M).

Imports In 2022, Thailand imported $52.7M in Fermented Milk Products, becoming the 25th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 493rd most imported product in Thailand. Thailand imports Fermented Milk Products primarily from: New Zealand ($29.3M), United States ($3.69M), Netherlands ($3.65M), France ($3.21M), and Australia ($2.86M).

The fastest growing import markets in Fermented Milk Products for Thailand between 2021 and 2022 were New Zealand ($8.91M), Netherlands ($2.39M), and Belgium ($1.25M).

COMPANIES In 2023, leading companies such as IKEA Group (13), Samsung (4), and Walong Marketing (1) were at the forefront of shipping Fermented Milk Products from Thailand to the United States.

Latest Trends

Nov 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 Fermented Milk 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)$116M
IMPORTS (2022)$52.7M
NET TRADE (2022)$63.6M

In 2022, Thailand exported $116M in Fermented Milk Products. The main destinations of Thailand exports on Fermented Milk Products were Philippines ($51.1M), Laos ($16.6M), Cambodia ($14M), Vietnam ($11.4M), and Burma ($8.87M).

In 2022, Thailand imported $52.7M in Fermented Milk Products, mainly from New Zealand ($29.3M), United States ($3.69M), Netherlands ($3.65M), France ($3.21M), and Australia ($2.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Philippines$6.73M (15.2%)
Cambodia$3.51M (33.5%)
Laos$3.15M (23.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Thailand WERE (2021 - 2022):
Burma-$711k (-7.42%)
China-$473k (-14%)
Singapore-$217k (-3.79%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Fermented Milk Products were:
In 2022, Thailand's main importing competitors in Fermented Milk Products were:

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.23M
TOP IMPORT POTENTIALGermany+ $1.57M

Fermented Milk Products’s highest export potential is China. With an export gap of $2.23M.   Fermented Milk Products’s highest import potential is Germany with an import gap of $1.57M.

See methodology.

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