2022
Exports
$21.5MWorld Rnk 11 / 158
Flag Rnk 587 / 1211
2022
PRODUCT COMPLEXITY IN Pastes and Waxes
1Rnk 171 / 1025
2022
Imports
$27.8MWorld Rnk 12 / 209
Flag Rnk 629 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $21.5M in Pastes and Waxes, making it the 11th largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 587th most exported product in Thailand. The main destination of Pastes and Waxes exports from Thailand are: United States ($3.19M), India ($2.97M), Vietnam ($1.65M), Saudi Arabia ($1.59M), and Philippines ($1.35M).

The fastest growing export markets for Pastes and Waxes of Thailand between 2021 and 2022 were India ($1.25M), Vietnam ($786k), and Philippines ($744k).

Imports In 2022, Thailand imported $27.8M in Pastes and Waxes, becoming the 12th largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 629th most imported product in Thailand. Thailand imports Pastes and Waxes primarily from: China ($22.6M), Germany ($2.08M), Italy ($1.98M), United States ($505k), and Romania ($158k).

The fastest growing import markets in Pastes and Waxes for Thailand between 2021 and 2022 were China ($16.6M), Italy ($826k), and Germany ($722k).

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 Pastes and Waxes. 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)$21.5M
IMPORTS (2022)$27.8M
NET TRADE (2022)-$6.27M

In 2022, Thailand exported $21.5M in Pastes and Waxes. The main destinations of Thailand exports on Pastes and Waxes were United States ($3.19M), India ($2.97M), Vietnam ($1.65M), Saudi Arabia ($1.59M), and Philippines ($1.35M).

In 2022, Thailand imported $27.8M in Pastes and Waxes, mainly from China ($22.6M), Germany ($2.08M), Italy ($1.98M), United States ($505k), and Romania ($158k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
India$1.25M (73.2%)
Vietnam$786k (91%)
Philippines$744k (124%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Thailand WERE (2021 - 2022):
United States-$675k (-17.5%)
Hong Kong-$131k (-54.8%)
United Kingdom-$108k (-37.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Pastes and Waxes were:
In 2022, Thailand's main importing competitors in Pastes and Waxes were:

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.31M
TOP IMPORT POTENTIALGermany+ $428k

Pastes and Waxes’s highest export potential is United States. With an export gap of $1.31M.   Pastes and Waxes’s highest import potential is Germany with an import gap of $428k.

See methodology.

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