2023
Exports
$114MWorld Rnk 8 / 198
Flag Rnk 287 / 1212
2023
PRODUCT COMPLEXITY IN Spices
-1.59Rnk 959 / 1025
2023
Imports
$24.7MWorld Rnk 32 / 224
Flag Rnk 631 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $114M in Spices, making it the 8th largest exporter of Spices in the world. At the same year, Spices was the 287th most exported product in Thailand. The main destination of Spices exports from Thailand are: Pakistan ($32.7M), Japan ($15.4M), Netherlands ($12.7M), Malaysia ($9.47M), and United States ($5.72M).

The fastest growing export markets for Spices of Thailand between 2022 and 2023 were Netherlands ($9.7M), Singapore ($3.37M), and Malaysia ($2.92M).

Imports In 2023, Thailand imported $24.7M in Spices, becoming the 32nd largest importer of Spices in the world. At the same year, Spices was the 631st most imported product in Thailand. Thailand imports Spices primarily from: China ($15.1M), Turkey ($2.2M), India ($1.39M), United Kingdom ($1.18M), and Vietnam ($897k).

The fastest growing import markets in Spices for Thailand between 2022 and 2023 were Turkey ($1.57M), Vietnam ($817k), and Laos ($747k).

COMPANIES In 2024, leading companies such as Walong Marketing (18), Loblaws Supermarkets (12), and Samsung (11) were at the forefront of shipping Spices from Thailand to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Spices. 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)$114M
IMPORTS (2023)$24.7M
NET TRADE (2023)$89.7M

In 2023, Thailand exported $114M in Spices. The main destinations of Thailand exports on Spices were Pakistan ($32.7M), Japan ($15.4M), Netherlands ($12.7M), Malaysia ($9.47M), and United States ($5.72M).

In 2023, Thailand imported $24.7M in Spices, mainly from China ($15.1M), Turkey ($2.2M), India ($1.39M), United Kingdom ($1.18M), and Vietnam ($897k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
Netherlands$9.7M (324%)
Singapore$3.37M (148%)
Malaysia$2.92M (44.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Thailand WERE (2022 - 2023):
Pakistan-$7.07M (-17.8%)
Japan-$2.64M (-14.7%)
India-$1.28M (-86.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Thailand's main exporting competitors in Spices were:
In 2023, Thailand's main importing competitors in Spices were:

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.99M
TOP IMPORT POTENTIALIndia+ $2.17M

Spices’s highest export potential is United States. With an export gap of $2.99M.   Spices’s highest import potential is India with an import gap of $2.17M.

See methodology.

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