2022
Exports
$446MWorld Rnk 47 / 217
Flag Rnk 121 / 1211
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$1.48BWorld Rnk 43 / 224
Flag Rnk 34 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $446M in Packaged Medicaments, making it the 47th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 121st most exported product in Thailand. The main destination of Packaged Medicaments exports from Thailand are: Vietnam ($74.3M), Burma ($74.1M), Cambodia ($52.3M), Japan ($34.8M), and Malaysia ($28.3M).

The fastest growing export markets for Packaged Medicaments of Thailand between 2021 and 2022 were Malaysia ($6.65M), United States ($5.79M), and Japan ($5.1M).

Imports In 2022, Thailand imported $1.48B in Packaged Medicaments, becoming the 43rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 34th most imported product in Thailand. Thailand imports Packaged Medicaments primarily from: Germany ($187M), India ($176M), United States ($136M), Switzerland ($104M), and France ($94.1M).

The fastest growing import markets in Packaged Medicaments for Thailand between 2021 and 2022 were United States ($28.3M), Belgium ($19.4M), and France ($17.7M).

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 Packaged Medicaments. 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)$446M
IMPORTS (2022)$1.48B
NET TRADE (2022)-$1.04B

In 2022, Thailand exported $446M in Packaged Medicaments. The main destinations of Thailand exports on Packaged Medicaments were Vietnam ($74.3M), Burma ($74.1M), Cambodia ($52.3M), Japan ($34.8M), and Malaysia ($28.3M).

In 2022, Thailand imported $1.48B in Packaged Medicaments, mainly from Germany ($187M), India ($176M), United States ($136M), Switzerland ($104M), and France ($94.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Malaysia$6.65M (30.7%)
United States$5.79M (79.4%)
Japan$5.1M (17.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Thailand WERE (2021 - 2022):
Russia-$6.35M (-79.1%)
Ukraine-$4.2M (-82.9%)
Hong Kong-$2.66M (-10.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $33.5M
TOP IMPORT POTENTIALIndia+ $125M

Packaged Medicaments’s highest export potential is Japan. With an export gap of $33.5M.   Packaged Medicaments’s highest import potential is India with an import gap of $125M.

See methodology.

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