Fastest-Growing Thai Export Products

Thai dancers

Thai dancers

Three of Thailand’s 15 fastest-growing export product categories posted a triple-digit gain from 2011 to 2015.

Overall, the percentage change for all Thai exports was a -7.8% decline over the 5-year period.

Please note that this analysis is at the 2-digit Harmonized Tariff System code level, which is better for looking at high trends as opposed to uncovering targeted opportunities at the more granular 4, 6, 8 or 10-digit code level.

Fastest-Growing Thai Export Products

Listed below in descending order are the fastest-growing export products from Thailand in terms of percentage increase in value for the 5-year period ending in 2015. Also shown within parentheses is the value for each product category during 2015.

  1. Meat: Up by 316.7% (US$695.5 million)
  2. Miscellaneous manufactured articles: Up by 115.1% ($644.3 million)
  3. Arms and ammunition: Up by 100.2% ($14 million)
  4. Umbrellas and walking-sticks: Up by 78.6% ($4 million)
  5. Beverages, spirits, vinegar: Up by 62.4% ($1.4 billion)
  6. Furskins, artificial fur: Up by 59.8% ($3 million)
  7. Woodpulp: Up by 49.1% ($168.2 million)
  8. Live animals: Up by 48.9% ($187.7 million)
  9. Vehicles : Up by 46.2% ($26.6 billion)
  10. Vegetables: Up by 41.9% ($1.8 billion)
  11. Gums, resins, vegetable saps: Up by 36% ($31.8 million)
  12. Optical, technical, medical apparatus: Up by 34.5% ($5.2 billion)
  13. Food industry waste, animal fodder: Up by 34.4% ($1.5 billion)
  14. Fruits, nuts: Up by 34.1% ($1.3 billion)
  15. Dairy, eggs, honey: Up by 29.8% ($289.6 million)

Chicken and salted, dried or smoked meat represent the strongest drivers pacing meat to its number one position as the fastest-growing Thai product export category.

Thai exporters also posted accelerating international sales for sanitary pads and baby liners under the miscellaneous manufactured articles category.

Military weapons other than revolvers, bombs, grenades and munitions were the largest components behind increasing export sales under the arms and ammunition category.

See also Thailand Major Product Supply Advantages, Thailand’s Top Import Partners, Thailand’s Top 10 Exports and Highest Value Thai Export Products


 
Research Sources:
The World Factbook, Field Listing: Exports, Central Intelligence Agency. Accessed on August 11, 2016

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on August 11, 2016