Thailand Market Analysis - Tendata Thailand Customs Data Query

tendata blogTrade Data

ten data blog29-08-2023

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In 2022, Thailand imported $305.7 billion worth of goods from the world, with an overall cost increase of 13.6 % from the 2021 figure of $269.1 billion.

Thailand shipped $283.8 billion worth of goods to the world in 2022. Compared to the same period last year, the total value of Thailand's exports increased by 6.1 % compared to US$267.5 billion in 2021.

Thailand spent the most on imports of crude oil, electronic integrated circuits and microcomponents, liquefied petroleum gas (LPG), gold, and telephony equipment, including smartphones. Together, these five products accounted for 29.2% of Thailand's total imports.

70.8% of Thailand's imports were supplied by exporters from China (35.6% of Thailand's global total), Japan (7.5%), the United States (5.2%), the United States of America (5.1%), the United Arab Emirates (5.1%), Malaysia (4%), Taiwan (2.8%), the Republic of Korea (2.7%), Indonesia (2.2%), Singapore (also 2.2%) , Vietnam (1.8%), Australia (1.7%) and Saudi Arabia (1.3%).

Thailand is one of the top exporters of computers and gold. in 2022, Thailand's top 5 exports are computers, automobiles, electronic integrated circuits or microcomponents, refined petroleum, and automotive parts. Overall, these five major exports account for 17.7% of Thailand's total export sales. This %age indicates a relatively diversified range of export commodities.

Seventy % of Thailand's exports were purchased by importers from the United States (16.6 % of the global total), Mainland China (12 %), Japan (8.6 %), Vietnam (4.6 %), Malaysia (4.4 %), Australia (3.9 %), India (3.7 %), Indonesia (3.6 %), Singapore (3.6 %), and Hong Kong (3.5 %), Cambodia (3%) and the Philippines (2.6%).

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