2022
Exports
$51.2MWorld Rnk 26 / 179
Flag Rnk 439 / 1211
2022
PRODUCT COMPLEXITY IN Iron Cloth
-0.056Rnk 564 / 1025
2022
Imports
$87.1MWorld Rnk 24 / 221
Flag Rnk 393 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $51.2M in Iron Cloth, making it the 26th largest exporter of Iron Cloth in the world. At the same year, Iron Cloth was the 439th most exported product in Thailand. The main destination of Iron Cloth exports from Thailand are: Australia ($26M), Laos ($5.54M), United States ($5.32M), Japan ($3.09M), and Cambodia ($2.65M).

The fastest growing export markets for Iron Cloth of Thailand between 2021 and 2022 were United States ($2.8M), Laos ($1.28M), and Burma ($636k).

Imports In 2022, Thailand imported $87.1M in Iron Cloth, becoming the 24th largest importer of Iron Cloth in the world. At the same year, Iron Cloth was the 393rd most imported product in Thailand. Thailand imports Iron Cloth primarily from: China ($72.2M), Japan ($3.31M), United States ($1.86M), South Korea ($1.38M), and Chinese Taipei ($1.03M).

The fastest growing import markets in Iron Cloth for Thailand between 2021 and 2022 were China ($13.9M), India ($411k), and Singapore ($102k).

COMPANIES In 2023, leading companies such as IKEA Group (8) and Samsung (3) were at the forefront of shipping Iron Cloth 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 Iron Cloth. 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)$51.2M
IMPORTS (2022)$87.1M
NET TRADE (2022)-$35.9M

In 2022, Thailand exported $51.2M in Iron Cloth. The main destinations of Thailand exports on Iron Cloth were Australia ($26M), Laos ($5.54M), United States ($5.32M), Japan ($3.09M), and Cambodia ($2.65M).

In 2022, Thailand imported $87.1M in Iron Cloth, mainly from China ($72.2M), Japan ($3.31M), United States ($1.86M), South Korea ($1.38M), and Chinese Taipei ($1.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Cloth EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
United States$2.8M (111%)
Laos$1.28M (30.1%)
Burma$636k (33.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Cloth BY Thailand WERE (2021 - 2022):
Australia-$6.47M (-19.9%)
South Africa-$398k (-67.8%)
Czechia-$380k (-50.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Iron Cloth were:
China $2.36B
Italy $728M
In 2022, Thailand's main importing competitors in Iron Cloth were:

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Trade Value of Iron Cloth by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.62M
TOP IMPORT POTENTIALGermany+ $1.11M

Iron Cloth’s highest export potential is United States. With an export gap of $3.62M.   Iron Cloth’s highest import potential is Germany with an import gap of $1.11M.

See methodology.

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