Philippines main exports code#
For a more granular view of exported goods at the four-digit HTS code level, see the section Searchable List of Thailand’s Most Valuable Export Products further down near the bottom of this article. Note that the results listed above are at the categorized two-digit Harmonized Tariff System (HTS) code level. The leading decliner among Thailand’s top 10 export categories was organic chemicals posting a -10.2% setback from 2021. Thailand’s shipments of mineral fuels including oil posted the third-fastest gain in value up by 14% year over year. In second place for improving export sales was meat or seafood preparations which was up by 15.8%. Gems and precious metals was the fastest grower among the top 10 export categories, up by 48.8% since 2021 propelled by higher international sales of gold. Thailand’s top 10 exports accounted for 69.8% of the overall value of global Thai shipments. Meat/seafood preparations: $7 billion (2.5%).Mineral fuels including oil: $11 billion (3.9%).Gems, precious metals: $14.8 billion (5.2%).Plastics, plastic articles: $15.1 billion (5.3%).Rubber, rubber articles: $18.8 billion (6.6%).Machinery including computers: $43.9 billion (15.5%).Electrical machinery, equipment: US$45.3 billion (16% of total exports).Also shown is the percentage share each export category represents in terms of overall exports from Thailand. The following export product groups represent the highest dollar value in Thai global shipments during 2022. That per-capita dollar amount outpaces the average $3,800 one year earlier in 2021. Given Thailand’s population of about 70.1 million people, its total $283.8 billion in 2022 exports translates to $4,050 for every resident in the East Asian country. Smaller percentages went to Oceania led by Australia and New Zealand (4.7%), Africa (2.3%), then Latin America (2.1%) excluding Mexico but including the Caribbean. Thailand shipped another 10.9% worth of goods to Europe. The latest available country-specific data shows that 70% of products exported from Thailand were bought by importers in: United States of America (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 (also 3.6%), Hong Kong (3.5%), Cambodia (3%) and Philippines (2.6%).įrom a continental perspective, 61.6% of Thailand exports by value were delivered to fellow Asian countries while 18.5% were sold to North American importers. Geographic Insights about Thailand’s Exports Thailand ranks among the top countries for exports of computers and gold. That percentage suggests a relatively diversified range of exported goods.
In aggregate, that quintet of major exports accounted for 17.7% of overall exports sales from Thailand.
Thailand’s 5 biggest export products by value in 2022 were computers, cars, electronic integrated circuits or microassemblies, refined petroleum oils, and automobile parts or accessories. Thailand’s weaker currency made Thailand’s exports paid for in stronger US dollars relatively less expensive for international buyers. Year over year, the overall value of Thai exports increased by 6.1% compared to $267.5 billion in 2021.īased on the average exchange rate for 2022, Thailand uses the Thai baht which fell by -8.5% against the US dollar since 2018 and dropped by -9.6% from 2021 to 2022. That dollar amount reflects a 13.6% gain compared to $249.9 billion during 2018. By Located in the Southeast Asian Indochinese peninsula, the Kingdom of Thailand shipped US$283.8 billion worth of goods around the globe in 2022.
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