2022
Exports
$10.6MWorld Rnk 19 / 160
Flag Rnk 705 / 1211
2022
PRODUCT COMPLEXITY IN Metalworking Machines
1.92Rnk 9 / 1025
2022
Imports
$42.9MWorld Rnk 14 / 212
Flag Rnk 539 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $10.6M in Metalworking Machines, making it the 19th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 705th most exported product in Thailand. The main destination of Metalworking Machines exports from Thailand are: Vietnam ($1.87M), Malaysia ($1.66M), United States ($1.5M), Japan ($1.2M), and Indonesia ($1.19M).

The fastest growing export markets for Metalworking Machines of Thailand between 2021 and 2022 were Malaysia ($1.5M), United States ($1.03M), and Vietnam ($1.01M).

Imports In 2022, Thailand imported $42.9M in Metalworking Machines, becoming the 14th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 539th most imported product in Thailand. Thailand imports Metalworking Machines primarily from: China ($15.9M), Japan ($12.9M), Chinese Taipei ($7.88M), United States ($1.35M), and Italy ($827k).

The fastest growing import markets in Metalworking Machines for Thailand between 2021 and 2022 were Japan ($5.71M), Chinese Taipei ($3.23M), and United States ($750k).

COMPANIES In 2023, leading companies such as IKEA Group (35), Samsung (4), and Stihl (4) were at the forefront of shipping Metalworking Machines from Thailand to the United States.

Latest Trends

Oct 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 Metalworking 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)$10.6M
IMPORTS (2022)$42.9M
NET TRADE (2022)-$32.3M

In 2022, Thailand exported $10.6M in Metalworking Machines. The main destinations of Thailand exports on Metalworking Machines were Vietnam ($1.87M), Malaysia ($1.66M), United States ($1.5M), Japan ($1.2M), and Indonesia ($1.19M).

In 2022, Thailand imported $42.9M in Metalworking Machines, mainly from China ($15.9M), Japan ($12.9M), Chinese Taipei ($7.88M), United States ($1.35M), and Italy ($827k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Malaysia$1.5M (937%)
United States$1.03M (218%)
Vietnam$1.01M (116%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Thailand WERE (2021 - 2022):
Japan-$912k (-43.2%)
Philippines-$639k (-88.2%)
Italy-$241k (-88.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $733k
TOP IMPORT POTENTIALItaly+ $496k

Metalworking Machines’s highest export potential is United States. With an export gap of $733k.   Metalworking Machines’s highest import potential is Italy with an import gap of $496k.

See methodology.

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