What Products Does Thailand Mainly Export in 2023?

tendata blogTrade Data

ten data blog17-04-2024

In 2023, the Kingdom of Thailand exported products worth $279.8 billion globally. Compared to the same period in 2022, with $284.1 billion, Thailand's total export value declined by -1.5%.

The top 5 export destinations for Thailand are the United States, China, Japan, Australia, and Malaysia. Overall, these 5 major trading partners accounted for nearly half (46.3%) of Thailand's total exports in 2023.

From a continental perspective, approximately three-fifths (60.6%) of Thailand's exports went to other countries in Asia, while 19% were sold to importers in North America. Thailand exported an additional 11.1% of goods to European buyers. Smaller proportions went to Oceania (4.9%), led by Australia and New Zealand, Africa (2.4%), and then Latin America (2%) (excluding Mexico but including the Caribbean).

Top Trading Partners for Thailand

The following list shows Thailand's 10 largest trading partners:

1.United States(16.89%, $52.41 Billion)

2.China(11.92%, $36.97 Billion)

3.Japan(8.73%, $27.08 Billion)

4.Vietnam(4.27%, $13.24 Billion)

5.Malaysia(4.18%, $12.98 Billion)

6.Australia(4.17%, $12.95 Billion)

7.Hong Kong(3.77%, $11.71 Billion)

8.Singapore(3.58%, $11.11 Billion)

9.India(3.56%, $11.05 Billion)

10.Indonesia(3.5%, $10.86 Billion)

The strongest export sales growth for Thailand was in Saudi Arabia (up 28.2% compared to 2022), South Africa (up 25.3%), Switzerland (up 21.9%), followed by Hong Kong (up 9.5%). Cambodia (down -26.3% compared to 2022) and Vietnam (down -16.1%) both recorded double-digit year-on-year declines.

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What Are Thailand's Main Exports?

According to HS codes, the top 10 products that account for Thailand's export revenue are:

1.HS Code:64034000(20.49%, $275.57 Million):Footwear, incorporating a protective metal toecap, with outer soles of rubber, plastics, leather or composition leather and uppers of leather (excluding sports footwear and orthopaedic footwear)

2.HS Code:83112090(11.2%, $150.65 Million):Cored wire of base metal, for electric arc-welding : Other

3.HS Code:84717020(10.81%, $145.37 Million):Storage units for automatic data-processing machines: Winchester/hard disc drives

4.HS Code:38101000(8.77%, $117.87 Million):Pickling preparations for metal surfaces; soldering, brazing or welding pastes and powders consisting of metal and other materials + detailed label not available +

5.HS Code:3824999990(3.61%, $48.55 Million):Chemical products and preparations of the chemical or allied industries, incl. those consisting of mixtures of natural products, n.e.s: other : other : other : other

6.HS Code:27101981(3.59%, $48.28 Million):Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.: Cutting oil conforming to standard is 1115

7.HS Code:83024999(2.53%, $34.02 Million):Bathroom curtain rods: the rest.

8.HS Code:28470010(2.13%, $28.68 Million):Hydrogen peroxide, whether or not solidified with urea : Liquid

9.HS Code:49089000(1.83%, $24.61 Million):Transfers "decalcomanias" (excluding vitrifiable)

10.HS Code:854143000000(1.65%, $22.23 Million):Photovoltaic cells assembled in modules or made up into panels

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