2023
Exports
$60.4MWorld Rnk 35 / 127
Flag Rnk 402 / 1212
2023
PRODUCT COMPLEXITY IN Iron Ore
-1.87Rnk 987 / 1025
2023
Imports
$1.57MWorld Rnk 53 / 125
Flag Rnk 1046 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $60.4M in Iron Ore, making it the 35th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 402nd most exported product in Thailand. The main destination of Iron Ore exports from Thailand are: China ($59.8M), Malaysia ($546k), Netherlands ($4.84k), Hong Kong ($3.08k), and Singapore ($4).

The fastest growing export markets for Iron Ore of Thailand between 2022 and 2023 were China ($46.2M), Malaysia ($546k), and Netherlands ($4.84k).

Imports In 2023, Thailand imported $1.57M in Iron Ore, becoming the 53rd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1046th most imported product in Thailand. Thailand imports Iron Ore primarily from: Sweden ($603k), Peru ($263k), Netherlands ($248k), Turkey ($202k), and China ($131k).

The fastest growing import markets in Iron Ore for Thailand between 2022 and 2023 were Peru ($263k), China ($87k), and Burma ($4.99k).

Latest Trends

Dec 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 (2023)$60.4M
IMPORTS (2023)$1.57M
NET TRADE (2023)$58.8M

In 2023, Thailand exported $60.4M in Iron Ore. The main destinations of Thailand exports on Iron Ore were China ($59.8M), Malaysia ($546k), Netherlands ($4.84k), Hong Kong ($3.08k), and Singapore ($4).

In 2023, Thailand imported $1.57M in Iron Ore, mainly from Sweden ($603k), Peru ($263k), Netherlands ($248k), Turkey ($202k), and China ($131k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
China$46.2M (337%)
Malaysia$546k (1%)
Netherlands$4.84k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Thailand WERE (2022 - 2023):
South Korea-$600 (-100%)
Singapore-$398 (-99%)
France-$338 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Iron Ore were:
In 2023, 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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