2022
Exports
$13.5MWorld Rnk 49 / 128
Flag Rnk 660 / 1211
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$1.59MWorld Rnk 59 / 130
Flag Rnk 1061 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $13.5M in Iron Ore, making it the 49th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 660th most exported product in Thailand. The main destination of Iron Ore exports from Thailand are: China ($13.5M), Hong Kong ($2.65k), South Korea ($498), Singapore ($392), and France ($338).

The fastest growing export markets for Iron Ore of Thailand between 2021 and 2022 were South Korea ($498), France ($338), and United States ($217).

Imports In 2022, Thailand imported $1.59M in Iron Ore, becoming the 59th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1061st most imported product in Thailand. Thailand imports Iron Ore primarily from: Sweden ($644k), Netherlands ($435k), Turkey ($255k), Japan ($151k), and China ($51.2k).

The fastest growing import markets in Iron Ore for Thailand between 2021 and 2022 were Sweden ($548k), Netherlands ($435k), and Japan ($50.6k).

Latest Trends

Aug 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 Ore. 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)$13.5M
IMPORTS (2022)$1.59M
NET TRADE (2022)$11.9M

In 2022, Thailand exported $13.5M in Iron Ore. The main destinations of Thailand exports on Iron Ore were China ($13.5M), Hong Kong ($2.65k), South Korea ($498), Singapore ($392), and France ($338).

In 2022, Thailand imported $1.59M in Iron Ore, mainly from Sweden ($644k), Netherlands ($435k), Turkey ($255k), Japan ($151k), and China ($51.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
South Korea$498 (1%)
France$338 (1%)
United States$217 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Thailand WERE (2021 - 2022):
China-$23.1M (-63.2%)
Laos-$4.93k (-100%)
Netherlands-$1.62k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Thailand's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $29.1M
TOP IMPORT POTENTIALSweden+ $350k

Iron Ore’s highest export potential is China. With an export gap of $29.1M.   Iron Ore’s highest import potential is Sweden with an import gap of $350k.

See methodology.

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