2023
Exports
$534MWorld Rnk 29 / 219
Flag Rnk 112 / 1212
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$1.51BWorld Rnk 25 / 226
Flag Rnk 34 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $534M in Machinery Having Individual Functions, making it the 29th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 112th most exported product in Thailand. The main destination of Machinery Having Individual Functions exports from Thailand are: United States ($168M), Japan ($60.6M), Singapore ($49.3M), Malaysia ($39.1M), and China ($30.1M).

The fastest growing export markets for Machinery Having Individual Functions of Thailand between 2022 and 2023 were Turkey ($9.57M), Singapore ($7.01M), and United States ($5.51M).

Imports In 2023, Thailand imported $1.51B in Machinery Having Individual Functions, becoming the 25th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 34th most imported product in Thailand. Thailand imports Machinery Having Individual Functions primarily from: China ($734M), Japan ($237M), Germany ($95.3M), Malaysia ($92M), and United States ($65M).

The fastest growing import markets in Machinery Having Individual Functions for Thailand between 2022 and 2023 were China ($219M), United States ($19.5M), and India ($11.9M).

Latest Trends

Jan 2025

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 Machinery Having Individual Functions. 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)$534M
IMPORTS (2023)$1.51B
NET TRADE (2023)-$973M

In 2023, Thailand exported $534M in Machinery Having Individual Functions. The main destinations of Thailand exports on Machinery Having Individual Functions were United States ($168M), Japan ($60.6M), Singapore ($49.3M), Malaysia ($39.1M), and China ($30.1M).

In 2023, Thailand imported $1.51B in Machinery Having Individual Functions, mainly from China ($734M), Japan ($237M), Germany ($95.3M), Malaysia ($92M), and United States ($65M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Turkey$9.57M (390%)
Singapore$7.01M (16.6%)
United States$5.51M (3.39%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Thailand WERE (2022 - 2023):
China-$11.9M (-28.3%)
Hong Kong-$11.8M (-45.8%)
South Korea-$10.9M (-82.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Machinery Having Individual Functions were:
In 2023, Thailand's main importing competitors in Machinery Having Individual Functions were:

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $36M
TOP IMPORT POTENTIALChina+ $72.5M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $36M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $72.5M.

See methodology.

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