2023
Exports
$183MWorld Rnk 33 / 126
Flag Rnk 227 / 1212
2023
PRODUCT COMPLEXITY IN Ferroalloys
-1.33Rnk 905 / 1025
2023
Imports
$184MWorld Rnk 32 / 171
Flag Rnk 234 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $183M in Ferroalloys, making it the 33rd largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 227th most exported product in Thailand. The main destination of Ferroalloys exports from Thailand are: China ($60.7M), Indonesia ($56.6M), India ($13.5M), Chinese Taipei ($8.84M), and Japan ($5.86M).

The fastest growing export markets for Ferroalloys of Thailand between 2022 and 2023 were China ($51M), Indonesia ($48.4M), and India ($12M).

Imports In 2023, Thailand imported $184M in Ferroalloys, becoming the 32nd largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 234th most imported product in Thailand. Thailand imports Ferroalloys primarily from: India ($67.3M), China ($64.9M), Malaysia ($10.5M), Japan ($10.1M), and South Korea ($4.45M).

The fastest growing import markets in Ferroalloys for Thailand between 2022 and 2023 were Dominican Republic ($4.4M), Burma ($2.82M), and Poland ($429k).

COMPANIES In 2024, leading companies such as Stanley Black & Decker (1) were at the forefront of shipping Ferroalloys from Thailand to the United States.

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 Ferroalloys. 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)$183M
IMPORTS (2023)$184M
NET TRADE (2023)-$1.09M

In 2023, Thailand exported $183M in Ferroalloys. The main destinations of Thailand exports on Ferroalloys were China ($60.7M), Indonesia ($56.6M), India ($13.5M), Chinese Taipei ($8.84M), and Japan ($5.86M).

In 2023, Thailand imported $184M in Ferroalloys, mainly from India ($67.3M), China ($64.9M), Malaysia ($10.5M), Japan ($10.1M), and South Korea ($4.45M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
China$51M (524%)
Indonesia$48.4M (596%)
India$12M (802%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Thailand WERE (2022 - 2023):
Slovenia-$3.19M (-39.3%)
Iran-$1.35M (-68.5%)
Germany-$986k (-51.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Ferroalloys were:
In 2023, Thailand's main importing competitors in Ferroalloys were:

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12.2M
TOP IMPORT POTENTIALIndia+ $19.2M

Ferroalloys’s highest export potential is China. With an export gap of $12.2M.   Ferroalloys’s highest import potential is India with an import gap of $19.2M.

See methodology.

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