2023
Exports
$11.7BWorld Rnk 47 / 224
Flag Rnk 9 / 21
2023
PRODUCT COMPLEXITY IN Mineral Products
0.38Rnk 423 / 1025
2023
Imports
$52.7BWorld Rnk 16 / 226
Flag Rnk 2 / 21
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $11.7B in Mineral Products, making it the 47th largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 9th most exported product in Thailand. The main destination of Mineral Products exports from Thailand are: Cambodia ($1.86B), Singapore ($1.77B), Laos ($1.4B), Vietnam ($1.23B), and Malaysia ($990M).

The fastest growing export markets for Mineral Products of Thailand between 2022 and 2023 were Laos ($195M), Hong Kong ($177M), and Bangladesh ($118M).

Imports In 2023, Thailand imported $52.7B in Mineral Products, becoming the 16th largest importer of Mineral Products in the world. At the same year, Mineral Products was the 2nd most imported product in Thailand. Thailand imports Mineral Products primarily from: United Arab Emirates ($14.9B), Saudi Arabia ($5.06B), United States ($4.64B), Australia ($3.92B), and Malaysia ($3.84B).

The fastest growing import markets in Mineral Products for Thailand between 2022 and 2023 were United States ($979M), Singapore ($532M), and Brazil ($463M).

COMPANIES In 2024, leading companies such as Samsung (464), Electrolux (34), and Goya Foods (14) were at the forefront of shipping Mineral Products from Thailand to the United States.

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 Mineral Products. 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)$11.7B
IMPORTS (2023)$52.7B
NET TRADE (2023)-$41B

In 2023, Thailand exported $11.7B in Mineral Products. The main destinations of Thailand exports on Mineral Products were Cambodia ($1.86B), Singapore ($1.77B), Laos ($1.4B), Vietnam ($1.23B), and Malaysia ($990M).

In 2023, Thailand imported $52.7B in Mineral Products, mainly from United Arab Emirates ($14.9B), Saudi Arabia ($5.06B), United States ($4.64B), Australia ($3.92B), and Malaysia ($3.84B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Laos$195M (16.1%)
Hong Kong$177M (2.36k%)
Bangladesh$118M (39.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY Thailand WERE (2022 - 2023):
Malaysia-$506M (-33.8%)
Cambodia-$314M (-14.5%)
South Korea-$220M (-30.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Mineral Products were:
In 2023, Thailand's main importing competitors in Mineral Products were:

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $566M
TOP IMPORT POTENTIALMalaysia+ $1.71B

Mineral Products’s highest export potential is China. With an export gap of $566M.   Mineral Products’s highest import potential is Malaysia with an import gap of $1.71B.

See methodology.

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