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How dependent is Thailand on China?

In 2024, China sold $84.1 billion to Thailand, 28% of its imports, ranking 1st among its suppliers. Its share was 22.2% in 2019 and 3.3% in 1995. In 384 products it sells more than 50% of what Thailand buys of them (in 141, more than 75%); what Thailand buys from China in those products (dominated value) adds up to $49.6 billion, 16.5% of its imports.

Summary

Share of its imports
28%
Value imported
$84.1billion
Rank among its suppliers
1st
Products where it sells over 50%
384
Products where it sells over 75%
141
Dominated value
$49.6billion
Share of total imports
16.5%

Trend

Trend in shares

China went from 3.3% to 28% of what Thailand buys

Share (%)

  • China 28%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19952,3723.3%8
19962,0132.9%8
19972,3113.7%8
19981,7444%8
19992,5375%6
20003,5455.8%5
20013,7196.1%3
20025,0047.9%2
20036,0968%3
20048,1908.7%2
200511,1959.6%2
200613,71710.7%2
200716,99212%2
200820,27011.4%2
200917,74413.3%2
201025,02513.8%2
201131,56914.1%2
201238,07315.9%2
201337,69415.5%2
201438,67517.3%1
201542,17621%1
201642,89722.2%1
201744,53020.2%1
201850,86720.6%1
201950,78722.2%1
202051,96925.8%1
202169,27426.5%1
202273,25624.9%1
202374,12026.2%1
202484,08128%1

Products where China sells more than half

ProductSupplierShareSecondValue
Cameras and broadcast equipmentChina72%Vietnam · 10.4%$5.2 billion
Other iron or steel articlesChina61.1%Japan · 14.3%$2 billion
Printed circuit boardsChina60.6%South Korea · 11.5%$1.6 billion
CarsChina58.3%Japan · 13.1%$1.6 billion
Transformers and power suppliesChina65.8%Japan · 8.3%$1.5 billion
Coated flat steelChina69.4%Japan · 12.4%$1.4 billion
Other electrical devicesChina52.1%Japan · 12.6%$1.3 billion
Cables and wireChina54%United States · 9.3%$1.2 billion
Air pumps, compressors and fansChina55%Japan · 18.2%$1.2 billion
Diodes, transistors and solar cellsChina52.1%Japan · 17.7%$1.1 billion
Phones and telecom equipmentChina88.4%over 75%Vietnam · 3.9%$1.1 billion
Lamps and light fittingsChina96.2%over 75%Germany · 0.46%$961 million
Bags, suitcases and casesChina62.4%Italy · 14.4%$820 million
Electric motors and generatorsChina57.5%Japan · 10.5%$796 million
Steel structuresChina85.4%over 75%Vietnam · 7.6%$704 million
Parts for broadcast equipmentChina59.1%Japan · 12.2%$608 million
BatteriesChina62.9%Japan · 14.8%$591 million
Microphones and speakersChina69%Vietnam · 12.7%$588 million
FurnitureChina82.5%over 75%Malaysia · 2.6%$573 million
Other aluminum articlesChina63.9%Vietnam · 8.8%$559 million
Air conditionersChina76%over 75%Malaysia · 5%$521 million
Seats and chairsChina80.3%over 75%Japan · 5.2%$515 million
Monitors and projectorsChina52.9%Vietnam · 19.6%$493 million
Aluminum sheetChina80.9%over 75%Japan · 5.1%$490 million
Silicon wafers for electronicsChina57.7%Vietnam · 38.4%$464 million
Rubber and plastic footwearChina81.2%over 75%Vietnam · 10.2%$461 million
Aluminum foilChina81.1%over 75%Japan · 12.9%$443 million
Elevators, escalators and conveyorsChina67.8%Japan · 7.7%$430 million
Refrigerators, freezers and heat pumpsChina75.4%over 75%Indonesia · 3%$419 million
Pesticides and herbicidesChina53.3%Indonesia · 8.9%$410 million

and 354 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from China

Thailand is China’s 11th-largest customer, with 2.3% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.