2022
Exports
$244MWorld Rnk 13 / 135
Flag Rnk 191 / 1211
2022
PRODUCT COMPLEXITY IN Soybean Oil
-0.93Rnk 821 / 1025
2022
Imports
$115kWorld Rnk 179 / 215
Flag Rnk 1171 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $244M in Soybean Oil, making it the 13th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 191st most exported product in Thailand. The main destination of Soybean Oil exports from Thailand are: Vietnam ($70.1M), Philippines ($45.1M), Cambodia ($34.1M), Indonesia ($26.4M), and Malaysia ($23M).

The fastest growing export markets for Soybean Oil of Thailand between 2021 and 2022 were Philippines ($11.5M), Malaysia ($9.23M), and Cambodia ($8.72M).

Imports In 2022, Thailand imported $115k in Soybean Oil, becoming the 179th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 1171st most imported product in Thailand. Thailand imports Soybean Oil primarily from: Germany ($98.9k), Netherlands ($10.4k), Australia ($2.16k), Belgium ($980), and Brazil ($849).

The fastest growing import markets in Soybean Oil for Thailand between 2021 and 2022 were Germany ($14.8k), Australia ($2.16k), and South Korea ($718).

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 Soybean Oil. 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)$244M
IMPORTS (2022)$115k
NET TRADE (2022)$243M

In 2022, Thailand exported $244M in Soybean Oil. The main destinations of Thailand exports on Soybean Oil were Vietnam ($70.1M), Philippines ($45.1M), Cambodia ($34.1M), Indonesia ($26.4M), and Malaysia ($23M).

In 2022, Thailand imported $115k in Soybean Oil, mainly from Germany ($98.9k), Netherlands ($10.4k), Australia ($2.16k), Belgium ($980), and Brazil ($849).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Philippines$11.5M (34.1%)
Malaysia$9.23M (67.1%)
Cambodia$8.72M (34.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Thailand WERE (2021 - 2022):
Hong Kong-$580k (-3.34%)
Angola-$417k (-100%)
Laos-$379k (-19.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Soybean Oil were:
In 2022, Thailand's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $13.7M
TOP IMPORT POTENTIALGermany+ $32.6k

Soybean Oil’s highest export potential is India. With an export gap of $13.7M.   Soybean Oil’s highest import potential is Germany with an import gap of $32.6k.

See methodology.

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