2022
Exports
$5.41BWorld Rnk 19 / 226
Flag Rnk 11 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$6.61BWorld Rnk 14 / 225
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $5.41B in Iron or steel articles, making it the 19th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 11th most exported product in Thailand. The main destination of Iron or steel articles exports from Thailand are: United States ($1.56B), Japan ($494M), Thailand ($349M), India ($227M), and Australia ($207M).

The fastest growing export markets for Iron or steel articles of Thailand between 2021 and 2022 were United States ($197M), Malaysia ($26.2M), and Germany ($24.2M).

Imports In 2022, Thailand imported $6.61B in Iron or steel articles, becoming the 14th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 9th most imported product in Thailand. Thailand imports Iron or steel articles primarily from: China ($3.53B), Japan ($897M), Thailand ($349M), Chinese Taipei ($202M), and South Korea ($190M).

The fastest growing import markets in Iron or steel articles for Thailand between 2021 and 2022 were China ($757M), India ($53.9M), and Egypt ($25.6M).

COMPANIES In 2023, leading companies such as IKEA Group (191), Samsung (67), and Continental Tire (55) were at the forefront of shipping Iron or steel articles 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 Iron or steel articles. 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)$5.41B
IMPORTS (2022)$6.61B
NET TRADE (2022)-$1.2B

In 2022, Thailand exported $5.41B in Iron or steel articles. The main destinations of Thailand exports on Iron or steel articles were United States ($1.56B), Japan ($494M), Thailand ($349M), India ($227M), and Australia ($207M).

In 2022, Thailand imported $6.61B in Iron or steel articles, mainly from China ($3.53B), Japan ($897M), Thailand ($349M), Chinese Taipei ($202M), and South Korea ($190M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
United States$197M (14.5%)
Malaysia$26.2M (18.5%)
Germany$24.2M (33.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Thailand WERE (2021 - 2022):
Japan-$211M (-29.9%)
Norway-$85.7M (-42.9%)
Burma-$49.6M (-36%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Thailand's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $128M
TOP IMPORT POTENTIALIndia+ $121M

Iron or steel articles’s highest export potential is China. With an export gap of $128M.   Iron or steel articles’s highest import potential is India with an import gap of $121M.

See methodology.

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