2022
Exports
$449MWorld Rnk 5 / 196
Flag Rnk 120 / 1211
2022
PRODUCT COMPLEXITY IN Stranded Iron Wire
0.15Rnk 505 / 1025
2022
Imports
$307MWorld Rnk 4 / 222
Flag Rnk 177 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $449M in Stranded Iron Wire, making it the 5th largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 120th most exported product in Thailand. The main destination of Stranded Iron Wire exports from Thailand are: United States ($154M), India ($43.3M), Netherlands ($27.9M), Vietnam ($24.7M), and Germany ($12.4M).

The fastest growing export markets for Stranded Iron Wire of Thailand between 2021 and 2022 were United States ($57.7M), India ($7.43M), and Malaysia ($6.91M).

Imports In 2022, Thailand imported $307M in Stranded Iron Wire, becoming the 4th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 177th most imported product in Thailand. Thailand imports Stranded Iron Wire primarily from: China ($219M), Indonesia ($23M), Japan ($19.9M), South Korea ($15M), and Malaysia ($9.76M).

The fastest growing import markets in Stranded Iron Wire for Thailand between 2021 and 2022 were China ($44.4M), India ($1.43M), and Singapore ($639k).

COMPANIES In 2023, leading companies such as Continental Tire (55), Goodyear Tire and Rubber (26), and Stanley Black & Decker (2) were at the forefront of shipping Stranded Iron Wire from Thailand to the United States.

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 Stranded Iron Wire. 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)$449M
IMPORTS (2022)$307M
NET TRADE (2022)$142M

In 2022, Thailand exported $449M in Stranded Iron Wire. The main destinations of Thailand exports on Stranded Iron Wire were United States ($154M), India ($43.3M), Netherlands ($27.9M), Vietnam ($24.7M), and Germany ($12.4M).

In 2022, Thailand imported $307M in Stranded Iron Wire, mainly from China ($219M), Indonesia ($23M), Japan ($19.9M), South Korea ($15M), and Malaysia ($9.76M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
United States$57.7M (60%)
India$7.43M (20.7%)
Malaysia$6.91M (221%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Thailand WERE (2021 - 2022):
Australia-$4.52M (-28.4%)
Chinese Taipei-$2.78M (-27%)
Vietnam-$2.66M (-9.72%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Stranded Iron Wire were:
In 2022, Thailand's main importing competitors in Stranded Iron Wire were:

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.79M
TOP IMPORT POTENTIALVietnam+ $6.59M

Stranded Iron Wire’s highest export potential is China. With an export gap of $8.79M.   Stranded Iron Wire’s highest import potential is Vietnam with an import gap of $6.59M.

See methodology.

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