2023
Exports
$5.3BWorld Rnk 2 / 184
Flag Rnk 13 / 1212
2023
PRODUCT COMPLEXITY IN Rice
-2.01Rnk 999 / 1025
2023
Imports
$9.71MWorld Rnk 143 / 223
Flag Rnk 820 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $5.3B in Rice, making it the 2nd largest exporter of Rice in the world. At the same year, Rice was the 13th most exported product in Thailand. The main destination of Rice exports from Thailand are: Indonesia ($796M), United States ($730M), South Africa ($464M), Iraq ($419M), and China ($291M).

The fastest growing export markets for Rice of Thailand between 2022 and 2023 were Indonesia ($753M), Malaysia ($135M), and South Africa ($100M).

Imports In 2023, Thailand imported $9.71M in Rice, becoming the 143rd largest importer of Rice in the world. At the same year, Rice was the 820th most imported product in Thailand. Thailand imports Rice primarily from: India ($2.55M), Japan ($2.38M), Burma ($2.06M), Pakistan ($1.43M), and Australia ($294k).

The fastest growing import markets in Rice for Thailand between 2022 and 2023 were Burma ($1.88M), India ($1.35M), and Australia ($274k).

COMPANIES In 2024, leading companies such as Riviana Foods (816), Walong Marketing (342), and Loblaws Supermarkets (175) were at the forefront of shipping Rice from Thailand to the United States.

Latest Trends

Dec 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 Rice. 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)$5.3B
IMPORTS (2023)$9.71M
NET TRADE (2023)$5.29B

In 2023, Thailand exported $5.3B in Rice. The main destinations of Thailand exports on Rice were Indonesia ($796M), United States ($730M), South Africa ($464M), Iraq ($419M), and China ($291M).

In 2023, Thailand imported $9.71M in Rice, mainly from India ($2.55M), Japan ($2.38M), Burma ($2.06M), Pakistan ($1.43M), and Australia ($294k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rice EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Indonesia$753M (1.76k%)
Malaysia$135M (207%)
South Africa$100M (27.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rice BY Thailand WERE (2022 - 2023):
Iraq-$238M (-36.2%)
China-$109M (-27.2%)
Niger-$85M (-63.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Rice were:
India $11.4B
Vietnam $3.88B
In 2023, Thailand's main importing competitors in Rice were:

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Trade Value of Rice by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $104M
TOP IMPORT POTENTIALIndia+ $3.59M

Rice’s highest export potential is China. With an export gap of $104M.   Rice’s highest import potential is India with an import gap of $3.59M.

See methodology.

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