Thailand’s Fastest-Growing Import Partners

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After analyzing 2014 data for 100 countries responsible for consuming the greatest dollar value in imports from Thailand, we found 9 nations that boosted their imports by at least 100% since 2010.

Overall, exports originating from Thailand were up 16.5% since 2010 and down 0.4% from 2013.

Thailand’s Fastest-Growing Import Partners

Listed below in descending order below are the fastest-growing import countries for Thailand’s exported products. These nations boosted imports from Thailand by the greatest percentages over the five-year period ending in 2014.

  1. Timor-Leste: Up 654.7% since 2010 (US$66,047,000)
  2. Guinea: Up 562.3% ($63,604,000)
  3. Bolivia: Up 390.4% ($71,904,000)
  4. North Korea: Up 261.3% ($107,251,000)
  5. Jordan: Up 137.3% ($290,885,000)
  6. Nicaragua: Up 134.2% ($72,654,000)
  7. Norway: Up 118.9% ($386,217,000)
  8. Mexico: Up 106.4% ($1,995,745,000)
  9. Myanmar (Burma): Up 104.5% ($4,239,106,000)
  10. Angola: Up 97.5% ($282,295,000)
  11. Benin: Up 97.5% ($508,285,000)
  12. Cambodia: Up 93.2% ($4,525,477,000)
  13. Cameroon: Up 89.3% ($226,117,000)
  14. Laos: Up 88.8% ($4,032,554,000)
  15. Bahrain: Up 83.6% ($240,611,000)


 

In terms of value, rice represents the fastest-growing Thai export delivered to Timor-Leste and Guinea.

Trucks were the top-improving Thai export to Bolivia and Jordan, while motor vehicle parts led Thai shipments to South Korea.

Thai shipments to Costa Rica of hygienic rubber pharmaceutical articles including sheath contraceptives accelerated at a respectable pace.

Research Sources:
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on May 22, 2015

The World Factbook, Field Listing: Imports, Central Intelligence Agency. Accessed on May 22, 2015

Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on May 22, 2015