2022
Exports
$104BWorld Rnk 14 / 226
Flag Rnk 1 / 21
2022
PRODUCT COMPLEXITY IN Machines
2.21Rnk 2 / 1025
2022
Imports
$79.9BWorld Rnk 20 / 226
Flag Rnk 1 / 21
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $104B in Machines, making it the 14th largest exporter of Machines in the world. At the same year, Machines was the 1st most exported product in Thailand. The main destination of Machines exports from Thailand are: United States ($27.9B), Japan ($8.49B), China ($7.38B), Hong Kong ($6.79B), and Singapore ($4.92B).

The fastest growing export markets for Machines of Thailand between 2021 and 2022 were United States ($5.14B), Singapore ($1.12B), and Thailand ($557M).

Imports In 2022, Thailand imported $79.9B in Machines, becoming the 20th largest importer of Machines in the world. At the same year, Machines was the 1st most imported product in Thailand. Thailand imports Machines primarily from: China ($30B), Japan ($10.9B), Chinese Taipei ($5.28B), Malaysia ($5.09B), and United States ($4.45B).

The fastest growing import markets in Machines for Thailand between 2021 and 2022 were China ($1.65B), United States ($1.12B), and Chinese Taipei ($955M).

COMPANIES In 2023, leading companies such as Samsung (7.99k), LG Electronics (2.41k), and HP Inc (2.37k) were at the forefront of shipping Machines from Thailand to the United States.

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 Machines. 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)$104B
IMPORTS (2022)$79.9B
NET TRADE (2022)$24.6B

In 2022, Thailand exported $104B in Machines. The main destinations of Thailand exports on Machines were United States ($27.9B), Japan ($8.49B), China ($7.38B), Hong Kong ($6.79B), and Singapore ($4.92B).

In 2022, Thailand imported $79.9B in Machines, mainly from China ($30B), Japan ($10.9B), Chinese Taipei ($5.28B), Malaysia ($5.09B), and United States ($4.45B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machines EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
United States$5.14B (22.6%)
Singapore$1.12B (29.6%)
Thailand$557M (33.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machines BY Thailand WERE (2021 - 2022):
Hong Kong-$1.2B (-15%)
China-$485M (-6.16%)
South Africa-$438M (-44.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Machines were:
In 2022, Thailand's main importing competitors in Machines were:

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Trade Value of Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.99B
TOP IMPORT POTENTIALChina+ $5.4B

Machines’s highest export potential is China. With an export gap of $4.99B.   Machines’s highest import potential is China with an import gap of $5.4B.

See methodology.

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