Thailand Import and Export Market 2021

Thailand is the second largest economy among Association of Southeast Asian Nations (ASEAN) countries, with GDP growth of 1.6% in 2021 due to the COVID-19 outbreak. Thailand is the center of automobile manufacturing, as well as the center of electronic and electrical industry in Asia. The manufacturing sector is dominated by exporting industrial products, and industrial production grew by 5.9% in 2021, driven by a recovery in exports, turning the -9.3% growth in 2020 into positive.
Thailand is a leading producer and exporter of home appliances in Southeast Asia. There is a number of international brands from China, Japan and Korea, including Sharp, Toshiba, Panasonic, Hitachi, Samsung, Haier, Mitsubishi, TCL, Hisense, Midea and Aux, etc.

Thailand exports grew by 17% in 2021. Electrical appliance exports amounted to 504,378 million Baht (about USD$15,802 million), up 20% from 2020. Among them, Thailand's refrigerator exports amounted to 70,581 million Baht (USD$2,211 million), up 15% from 2020. Refrigerator exports kept stable throughout the year, with a monthly export average of 5,882 million Baht (USD$184 million), peaking at 7,023 million Baht (USD$220 million) in July.


Polymeric MDI is one of the raw materials widely used for manufacturing white goods (i.e. refrigerators, freezers), building insulation materials (i.e. panels, spray coatings), adhesives and sealants, etc. The polymeric MDI involved in Thailand’s refrigerator production process rely on imports. China, Japan and South Korea are three main source countries. According to the customs import and export data of each country, the total export volume from China, Japan and South Korea were around 53,644 tons of polymeric MDI to Thailand in 2021. Among them, China polymeric MDI exports 36,543 tons, accounting for about 68%; South Korea exports 12,895 tons, accounting for 24%; Japan exports 4,206 tons, accounting for 8%.


 A Summary of Thailand Polymeric MDI Import from China, South Korea, Japan in 2021 (tons)

To Top
Tel:+86-20-84267539 E-mail:enquiry@gnsealant.com