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.

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

Shanghai Tendata iTrader – Leveraging the Pivot of Tendata's Global Trade Map: 

Shanghai Tendata iTrader is an all-encompassing data tool that integrates information collection, processing, data visualization, and result analysis. Serving as an essential weapon in the trade expansion process, Shanghai Tendata iTrader can organize and calculate high-precision matching resources based on user segmentation of customers. Simultaneously, it aids users in executing customer-centric expansion strategy business processes, thereby increasing the company's profitability and customer satisfaction with services. Tendata can help import and export businesses better explore markets and unearth customers (>>>Click to Develop New Customers).

I. Import and Export Business Expansion

Unable to find customers, finding customers but unable to penetrate deeply, unable to negotiate suitable prices after penetration, having a suitable price but no appropriate transaction volume, finally reaching the other side, but no one claims the goods. (>>>Shanghai Tendata Official Website)

1. Finding Customers

Shanghai Tendata iTrader covers trade data for 208 countries and regions, business data for 198 countries and regions, internet data for 141 countries, 100+ billion trade data, 120 million in-depth enterprise data, and 130 million buyer databases. It provides various search methods, allowing intelligent one-click queries based on products, company names, HS codes, SIC codes, etc. Additionally, it offers 17 visualized reports to help businesses accurately position and analyze the market, finding high-quality import and export customers. (>>>Click to Develop New Customers)

2. Customer Acquisition

Based on user-set search criteria, Shanghai Tendata iTrader's software center conducts high-precision relationship matching of search results. The calculated results are then returned to the user center, expressed in visual forms such as lists, pie charts, line graphs, bar graphs, etc. Content includes customer names under corresponding conditions, names and contact information of department heads, visualizations of transaction chain changes within a specific time frame, peer companies of the same level, nearby peers geographically, financial dynamics of customers over the past 3 or 10 years, credit ratings, etc. (>>>Click to Analyze Customers)

With the clarified customer relationships, clients can strategically plan their approach. Additionally, they can categorize and follow up on customer communication based on feedback received through email.

3. Customer Retention

The most effective way to maintain trading relationships between people is to anticipate and address the current or future needs of the other party, understanding them better than they understand themselves. (>>>Click to Analyze Buyers)

In line with this philosophy, we have set two push functions for trade operators in the customer retention stage.

(1) Timely push notifications for client news on streaming media.

(2) Periodic push of industry trends or analyses.

II. Successful Cases of Shanghai Tendata

Shanghai Tendata's data has undergone over a decade of development and currently holds a leading position in the field of import and export data providers. As of now, Tendata has served over 50,000 import and export enterprises nationwide, and the precision inquiry response rate has reached around 0.3%.

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