2022
Exports
$663kWorld Rnk 68 / 139
Flag Rnk 1004 / 1211
2022
PRODUCT COMPLEXITY IN Soybeans
-1.62Rnk 963 / 1025
2022
Imports
$1.97BWorld Rnk 7 / 200
Flag Rnk 24 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $663k in Soybeans, making it the 68th largest exporter of Soybeans in the world. At the same year, Soybeans was the 1004th most exported product in Thailand. The main destination of Soybeans exports from Thailand are: Burma ($250k), Laos ($158k), Cambodia ($50.5k), United States ($46.6k), and Denmark ($35k).

The fastest growing export markets for Soybeans of Thailand between 2021 and 2022 were Burma ($115k), United States ($36.5k), and Denmark ($35k).

Imports In 2022, Thailand imported $1.97B in Soybeans, becoming the 7th largest importer of Soybeans in the world. At the same year, Soybeans was the 24th most imported product in Thailand. Thailand imports Soybeans primarily from: Brazil ($1.67B), United States ($257M), Canada ($15.4M), South Africa ($15.2M), and Cambodia ($2.6M).

The fastest growing import markets in Soybeans for Thailand between 2021 and 2022 were Brazil ($372M), South Africa ($15.2M), and Tanzania ($132k).

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 Soybeans. 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)$663k
IMPORTS (2022)$1.97B
NET TRADE (2022)-$1.96B

In 2022, Thailand exported $663k in Soybeans. The main destinations of Thailand exports on Soybeans were Burma ($250k), Laos ($158k), Cambodia ($50.5k), United States ($46.6k), and Denmark ($35k).

In 2022, Thailand imported $1.97B in Soybeans, mainly from Brazil ($1.67B), United States ($257M), Canada ($15.4M), South Africa ($15.2M), and Cambodia ($2.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Burma$115k (84.8%)
United States$36.5k (361%)
Denmark$35k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Thailand WERE (2021 - 2022):
Laos-$150k (-48.7%)
Maldives-$10.7k (-89.1%)
Malaysia-$6.77k (-42.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Soybeans were:
In 2022, Thailand's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $88.2k
TOP IMPORT POTENTIALUnited States+ $60.6M

Soybeans’s highest export potential is United States. With an export gap of $88.2k.   Soybeans’s highest import potential is United States with an import gap of $60.6M.

See methodology.

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