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Exports In 2022, Thailand exported $1.22M in Nitric Acids, making it the 33rd largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 951st most exported product in Thailand. The main destination of Nitric Acids exports from Thailand are: Australia ($273k), Vietnam ($268k), Burma ($256k), Chinese Taipei ($164k), and Malaysia ($79.4k).

The fastest growing export markets for Nitric Acids of Thailand between 2021 and 2022 were Vietnam ($239k), Japan ($33.6k), and Turkey ($17.7k).

Imports In 2022, Thailand imported $15.1M in Nitric Acids, becoming the 10th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 766th most imported product in Thailand. Thailand imports Nitric Acids primarily from: South Korea ($14.4M), China ($202k), Germany ($195k), Malaysia ($134k), and Japan ($88.5k).

The fastest growing import markets in Nitric Acids for Thailand between 2021 and 2022 were South Korea ($3.36M), Germany ($38.5k), and Ireland ($21.4k).

Latest Trends

Jul 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 Nitric Acids. 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)$1.22M
IMPORTS (2022)$15.1M
NET TRADE (2022)-$13.8M

In 2022, Thailand exported $1.22M in Nitric Acids. The main destinations of Thailand exports on Nitric Acids were Australia ($273k), Vietnam ($268k), Burma ($256k), Chinese Taipei ($164k), and Malaysia ($79.4k).

In 2022, Thailand imported $15.1M in Nitric Acids, mainly from South Korea ($14.4M), China ($202k), Germany ($195k), Malaysia ($134k), and Japan ($88.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Vietnam$239k (809%)
Japan$33.6k (1%)
Turkey$17.7k (202%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Thailand WERE (2021 - 2022):
Indonesia-$414k (-99.8%)
Cambodia-$133k (-88.4%)
Australia-$130k (-32.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Nitric Acids were:
In 2022, Thailand's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALMalaysia+ $80.3k
TOP IMPORT POTENTIALGermany+ $196k

Nitric Acids’s highest export potential is Malaysia. With an export gap of $80.3k.   Nitric Acids’s highest import potential is Germany with an import gap of $196k.

See methodology.

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