2022
Exports
$8.83BWorld Rnk 27 / 214
Flag Rnk 5 / 1211
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$5.82BWorld Rnk 47 / 225
Flag Rnk 7 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $8.83B in Refined Petroleum, making it the 27th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Thailand. The main destination of Refined Petroleum exports from Thailand are: Cambodia ($1.83B), Singapore ($1.54B), Vietnam ($1.2B), Laos ($1.11B), and Malaysia ($917M).

The fastest growing export markets for Refined Petroleum of Thailand between 2021 and 2022 were Laos ($483M), Singapore ($460M), and Vietnam ($436M).

Imports In 2022, Thailand imported $5.82B in Refined Petroleum, becoming the 47th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most imported product in Thailand. Thailand imports Refined Petroleum primarily from: United Arab Emirates ($1.5B), Singapore ($1.07B), Kuwait ($604M), China ($561M), and Malaysia ($393M).

The fastest growing import markets in Refined Petroleum for Thailand between 2021 and 2022 were Singapore ($417M), China ($300M), and Kuwait ($285M).

COMPANIES In 2023, leading companies such as Cooper Lighting Solutions (17), Stanley Black & Decker (2), and Walgreens (1) were at the forefront of shipping Refined Petroleum from Thailand to the United States.

Latest Trends

Sep 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 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 (2022)$8.83B
IMPORTS (2022)$5.82B
NET TRADE (2022)$3.01B

In 2022, Thailand exported $8.83B in Refined Petroleum. The main destinations of Thailand exports on Refined Petroleum were Cambodia ($1.83B), Singapore ($1.54B), Vietnam ($1.2B), Laos ($1.11B), and Malaysia ($917M).

In 2022, Thailand imported $5.82B in Refined Petroleum, mainly from United Arab Emirates ($1.5B), Singapore ($1.07B), Kuwait ($604M), China ($561M), and Malaysia ($393M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Laos$483M (76.6%)
Singapore$460M (42.5%)
Vietnam$436M (57%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Thailand WERE (2021 - 2022):
Philippines-$242M (-49%)
Bangladesh-$127M (-61.8%)
China-$47M (-30.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Refined Petroleum were:
In 2022, 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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