2022
Exports
$40.1MWorld Rnk 32 / 199
Flag Rnk 479 / 1211
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$112MWorld Rnk 25 / 220
Flag Rnk 341 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $40.1M in Special Pharmaceuticals, making it the 32nd largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 479th most exported product in Thailand. The main destination of Special Pharmaceuticals exports from Thailand are: Philippines ($11.2M), Japan ($10.6M), France ($7.66M), Burma ($2.49M), and Ethiopia ($2.38M).

The fastest growing export markets for Special Pharmaceuticals of Thailand between 2021 and 2022 were Tanzania ($1.55M), Ethiopia ($939k), and France ($826k).

Imports In 2022, Thailand imported $112M in Special Pharmaceuticals, becoming the 25th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 341st most imported product in Thailand. Thailand imports Special Pharmaceuticals primarily from: Germany ($34.4M), Netherlands ($15.6M), Singapore ($8.95M), Spain ($8.55M), and United States ($7.22M).

The fastest growing import markets in Special Pharmaceuticals for Thailand between 2021 and 2022 were Germany ($7.35M), Singapore ($6.13M), and Hong Kong ($5.7M).

COMPANIES In 2023, leading companies such as LG Electronics (3) and L'Oreal (1) were at the forefront of shipping Special Pharmaceuticals from Thailand to the United States.

Latest Trends

Aug 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 Special Pharmaceuticals. 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)$40.1M
IMPORTS (2022)$112M
NET TRADE (2022)-$72.3M

In 2022, Thailand exported $40.1M in Special Pharmaceuticals. The main destinations of Thailand exports on Special Pharmaceuticals were Philippines ($11.2M), Japan ($10.6M), France ($7.66M), Burma ($2.49M), and Ethiopia ($2.38M).

In 2022, Thailand imported $112M in Special Pharmaceuticals, mainly from Germany ($34.4M), Netherlands ($15.6M), Singapore ($8.95M), Spain ($8.55M), and United States ($7.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Tanzania$1.55M (1%)
Ethiopia$939k (65.1%)
France$826k (12.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Thailand WERE (2021 - 2022):
Japan-$8.25M (-43.8%)
Burma-$1.57M (-38.6%)
Malawi-$1.11M (-73.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Special Pharmaceuticals were:
In 2022, Thailand's main importing competitors in Special Pharmaceuticals were:

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.83M
TOP IMPORT POTENTIALUnited States+ $4.45M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $7.83M.   Special Pharmaceuticals’s highest import potential is United States with an import gap of $4.45M.

See methodology.

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