2023
Exports
$24.7BWorld Rnk 12 / 226
Flag Rnk 4 / 21
2023
PRODUCT COMPLEXITY IN Foodstuffs
0.5Rnk 372 / 1025
2023
Imports
$7.29BWorld Rnk 31 / 226
Flag Rnk 10 / 21
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $24.7B in Foodstuffs, making it the 12th largest exporter of Foodstuffs in the world. At the same year, Foodstuffs was the 4th most exported product in Thailand. The main destination of Foodstuffs exports from Thailand are: Japan ($3.15B), United States ($3.06B), China ($2.09B), Indonesia ($1.56B), and Cambodia ($1.25B).

The fastest growing export markets for Foodstuffs of Thailand between 2022 and 2023 were China ($550M), Philippines ($212M), and Vietnam ($122M).

Imports In 2023, Thailand imported $7.29B in Foodstuffs, becoming the 31st largest importer of Foodstuffs in the world. At the same year, Foodstuffs was the 10th most imported product in Thailand. Thailand imports Foodstuffs primarily from: Brazil ($1.67B), China ($1.06B), Singapore ($573M), Indonesia ($449M), and United States ($434M).

The fastest growing import markets in Foodstuffs for Thailand between 2022 and 2023 were Brazil ($262M), India ($133M), and Singapore ($65.7M).

COMPANIES In 2024, leading companies such as Goya Foods (260), Samsung (256), and Walong Marketing (183) were at the forefront of shipping Foodstuffs from Thailand to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Foodstuffs. 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)$24.7B
IMPORTS (2023)$7.29B
NET TRADE (2023)$17.4B

In 2023, Thailand exported $24.7B in Foodstuffs. The main destinations of Thailand exports on Foodstuffs were Japan ($3.15B), United States ($3.06B), China ($2.09B), Indonesia ($1.56B), and Cambodia ($1.25B).

In 2023, Thailand imported $7.29B in Foodstuffs, mainly from Brazil ($1.67B), China ($1.06B), Singapore ($573M), Indonesia ($449M), and United States ($434M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Foodstuffs EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
China$550M (35.8%)
Philippines$212M (27.9%)
Vietnam$122M (15.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Foodstuffs BY Thailand WERE (2022 - 2023):
United States-$895M (-22.6%)
Australia-$181M (-18.2%)
Japan-$172M (-5.18%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Foodstuffs by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $371M
TOP IMPORT POTENTIALMalaysia+ $55.9M

Foodstuffs’s highest export potential is China. With an export gap of $371M.   Foodstuffs’s highest import potential is Malaysia with an import gap of $55.9M.

See methodology.

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