2023
Exports
$8.57BWorld Rnk 28 / 214
Flag Rnk 6 / 1212
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$4.35BWorld Rnk 53 / 226
Flag Rnk 9 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $8.57B in Refined Petroleum, making it the 28th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most exported product in Thailand. The main destination of Refined Petroleum exports from Thailand are: Cambodia ($1.7B), Singapore ($1.51B), Laos ($1.23B), Vietnam ($988M), and Burma ($572M).

The fastest growing export markets for Refined Petroleum of Thailand between 2022 and 2023 were Hong Kong ($179M), Bangladesh ($161M), and Laos ($104M).

Imports In 2023, Thailand imported $4.35B in Refined Petroleum, becoming the 53rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 9th most imported product in Thailand. Thailand imports Refined Petroleum primarily from: Singapore ($1.19B), United Arab Emirates ($917M), Kuwait ($445M), Malaysia ($438M), and South Korea ($359M).

The fastest growing import markets in Refined Petroleum for Thailand between 2022 and 2023 were Singapore ($281M), Australia ($43.5M), and Tunisia ($31.4M).

Latest Trends

Jan 2025

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 Refined Petroleum. 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)$8.57B
IMPORTS (2023)$4.35B
NET TRADE (2023)$4.23B

In 2023, Thailand exported $8.57B in Refined Petroleum. The main destinations of Thailand exports on Refined Petroleum were Cambodia ($1.7B), Singapore ($1.51B), Laos ($1.23B), Vietnam ($988M), and Burma ($572M).

In 2023, Thailand imported $4.35B in Refined Petroleum, mainly from Singapore ($1.19B), United Arab Emirates ($917M), Kuwait ($445M), Malaysia ($438M), and South Korea ($359M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Hong Kong$179M (4.55k%)
Bangladesh$161M (197%)
Laos$104M (9.26%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Thailand WERE (2022 - 2023):
Malaysia-$393M (-42.7%)
Vietnam-$186M (-15.8%)
Cambodia-$173M (-9.26%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Refined Petroleum were:
In 2023, Thailand's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALMalaysia+ $423M
TOP IMPORT POTENTIALMalaysia+ $385M

Refined Petroleum’s highest export potential is Malaysia. With an export gap of $423M.   Refined Petroleum’s highest import potential is Malaysia with an import gap of $385M.

See methodology.

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