2022
Exports
$49.1MWorld Rnk 7 / 153
Flag Rnk 447 / 1211
2022
PRODUCT COMPLEXITY IN Insect Resins
-2.5Rnk 1019 / 1025
2022
Imports
$11MWorld Rnk 19 / 197
Flag Rnk 819 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $49.1M in Insect Resins, making it the 7th largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 447th most exported product in Thailand. The main destination of Insect Resins exports from Thailand are: India ($28.2M), United States ($7.15M), Germany ($4.11M), China ($3.14M), and Japan ($2.13M).

The fastest growing export markets for Insect Resins of Thailand between 2021 and 2022 were India ($17.4M), United States ($4.71M), and China ($1.97M).

Imports In 2022, Thailand imported $11M in Insect Resins, becoming the 19th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 819th most imported product in Thailand. Thailand imports Insect Resins primarily from: Sudan ($5.27M), France ($1.31M), Indonesia ($957k), Laos ($865k), and India ($723k).

The fastest growing import markets in Insect Resins for Thailand between 2021 and 2022 were Sudan ($4.04M), Chad ($419k), and Laos ($278k).

Latest Trends

Oct 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 Insect Resins. 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)$49.1M
IMPORTS (2022)$11M
NET TRADE (2022)$38.1M

In 2022, Thailand exported $49.1M in Insect Resins. The main destinations of Thailand exports on Insect Resins were India ($28.2M), United States ($7.15M), Germany ($4.11M), China ($3.14M), and Japan ($2.13M).

In 2022, Thailand imported $11M in Insect Resins, mainly from Sudan ($5.27M), France ($1.31M), Indonesia ($957k), Laos ($865k), and India ($723k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insect Resins EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
India$17.4M (161%)
United States$4.71M (193%)
China$1.97M (168%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insect Resins BY Thailand WERE (2021 - 2022):
Indonesia-$200k (-44.2%)
South Africa-$149k (-53.8%)
Sri Lanka-$115k (-57.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Insect Resins were:
In 2022, Thailand's main importing competitors in Insect Resins were:

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Trade Value of Insect Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.59M
TOP IMPORT POTENTIALIndia+ $604k

Insect Resins’s highest export potential is China. With an export gap of $1.59M.   Insect Resins’s highest import potential is India with an import gap of $604k.

See methodology.

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