Thailand | Imports and Exports | World | Parts and accessories of the motor vehicles of headings 8701 to 8705 | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" from Thailand totalled $ 8.67 billion in 2023. Sales of commodity group 8708 from Thailand went up by 3.08% compared to 2022: exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" went up by $ 259 million (cumulative exports of commodity group 8708 from Thailand amounted $8.41 billion in 2022)
Exports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" amounted to 3.04% of total exports from Thailand (cumulative merchandise exports from Thailand totalled $ 285 billion in 2023). The share of commodity group 8708 in total exports from Thailand increased by 0.078 p.p. compared to 2022 (it was 2.96% in 2022 and cumulative exports from Thailand were equal to $ 283 billion).
Exports of commodity group 8708 amounted to 24% of total sales of group "" from Thailand in 2023 (the value of exports of commodity group from Thailand amounted to $36 billion in 2023). The share of exports of commodity group 8708 in sales of commodity group from Thailand lowered by 2.73 p.p. compared to 2022 (it was 26% in 2022, and exports of commodity group from Thailand were $31 billion).
Where does Thailand export Parts and accessories of the motor vehicles of headings 87.01 to 87.05?
Top export destinations of "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" from Thailand in 2023:
- USA with a share of 13.7% (1.19 billion US$)
- Malaysia with a share of 11.1% (968 million US$)
- Japan with a share of 10.3% (894 million US$)
- South Africa with a share of 9.02% (782 million US$)
- Indonesia with a share of 8.85% (767 million US$)
- Argentina with a share of 4.76% (413 million US$)
- Mexico with a share of 4.46% (387 million US$)
- Vietnam with a share of 4.19% (364 million US$)
- India with a share of 3.75% (325 million US$)
- Philippines with a share of 3.58% (310 million US$)
Exports structure of 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05 - from Thailand in 2023 represented by the following main commodity groups:
- 25% (2.21 billion US$): 870899 - Vehicle parts and accessories; n.e.s. in heading no. 8708
- 18.9% (1.64 billion US$): 870829 - Parts & accessories of bodies (incl. cabs) of the motor vehicles of 87.01-87.05, n.e.s. in 87.08
- 10.5% (911 million US$): 870840 - Vehicle parts; gear boxes and parts thereof
- 8.22% (713 million US$): 870870 - Vehicle parts; road wheels and parts and accessories thereof
- 6.12% (531 million US$): 870850 - Vehicle parts; drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
- 5.45% (473 million US$): 870894 - Vehicles; parts, steering wheels, columns and boxes
- 3.29% (285 million US$): 870880 - Vehicle parts; suspension systems and parts thereof (including shock-absorbers)
- 2.31% (200 million US$): 870810 - Bumpers & parts thereof of the motor vehicles of 87.01-87.05
- 1.55% (134 million US$): 870891 - Vehicles; parts, radiators
- 1.49% (129 million US$): 870893 - Vehicle parts; clutches and parts thereof
The value of imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" to Thailand totalled $ 6.84 billion in 2023. Sales of commodity group 8708 to Thailand went up by 1.07% compared to 2022: imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" went up by $ 73 million (the value of imports of commodity group 8708 to Thailand was equal to $6.77 billion in 2022)
Imports of commodity group 8708 "Parts and accessories of the motor vehicles of headings 87.01 to 87.05" accounted for 2.37% of total import flow to Thailand (in 2023, total imports to Thailand amounted to $ 288 billion). The share of commodity group 8708 in total imports to Thailand increased by 0.157 p.p. compared to 2022 (it was 2.21% in 2022 and cumulative imports to Thailand were equal to $ 305 billion).
Imports of commodity group 8708 reached 46% of total imports of group "" to Thailand in 2023 (imports of commodity group to Thailand totalled $14.7 billion in 2023). The share of purchases of commodity group 8708 in imports of commodity group to Thailand went down by 14.1 p.p. compared to 2022 (it was 60% in 2022, and imports of commodity group to Thailand accounted for $11.1 billion).
Where does Thailand import Parts and accessories of the motor vehicles of headings 87.01 to 87.05 from?
Top trading partners (import of "Parts and accessories of the motor vehicles of headings 87.01 to 87.05") of Thailand in 2023:
- Japan with a share of 40% (2.78 billion US$)
- China with a share of 20% (1.38 billion US$)
- USA with a share of 10.7% (737 million US$)
- Germany with a share of 5.09% (348 million US$)
- Indonesia with a share of 4.49% (308 million US$)
- Philippines with a share of 3.19% (218 million US$)
- India with a share of 2.64% (181 million US$)
- Korea with a share of 1.91% (130 million US$)
- Vietnam with a share of 1.82% (125 million US$)
- Mexico with a share of 1.61% (110 million US$)
Imports structure of 8708 - Parts and accessories of the motor vehicles of headings 87.01 to 87.05 - to Thailand in 2023 represented by the following main commodity groups:
- 34% (2.34 billion US$): 870840 - Vehicle parts; gear boxes and parts thereof
- 16.4% (1.12 billion US$): 870899 - Vehicle parts and accessories; n.e.s. in heading no. 8708
- 11.9% (817 million US$): 870829 - Parts & accessories of bodies (incl. cabs) of the motor vehicles of 87.01-87.05, n.e.s. in 87.08
- 8.47% (580 million US$): 870850 - Vehicle parts; drive-axles with differential, whether or not provided with other transmission components, and non-driving axles; parts thereof
- 4.81% (329 million US$): 870894 - Vehicles; parts, steering wheels, columns and boxes
- 4.61% (316 million US$): 870870 - Vehicle parts; road wheels and parts and accessories thereof
- 3.68% (252 million US$): 870880 - Vehicle parts; suspension systems and parts thereof (including shock-absorbers)
- 2.97% (203 million US$): 870893 - Vehicle parts; clutches and parts thereof
- 1.86% (127 million US$): 870892 - Vehicle parts; silencers (mufflers) and exhaust pipes; parts thereof
- 1.63% (111 million US$): 870891 - Vehicles; parts, radiators
