Destination
Mexico
- Latest exports
- $471.4M
- Market share
- 13.8%
- Growth
- +87.1%
- Access
- 0.1% tariff
- Signal
- Accelerating
T3 · Product exporter position
Thailand exports of Vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), nes in item no 8704.1 (HS 870431)
See where Thailand stands in vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), nes in item no 8704.1: export scale, destination breadth, market position, growth, and reported trade history.
Latest exports
$1.8BLatest observed lane totalDestination markets
134Reported active marketsThree-year growth
+40%Annualized changeDestination HHI
1,378Destination concentrationWeighted share
28.3%Reported market positionExporter evidence
How strong is Thailand in Vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), nes in item no 8704.1?
Reported exporter totals and calculated indicators for HS 870431. Values retain their observed coverage period.
Exporter scale
Latest exports$1.8B
Current 2024 exports$1.7B
Three-year average$1.4B
Historical peak$4.5B
Market position
Active destinations134
Destination HHI1,378
Weighted share28.3%
Share change+3.1 pp
Competitiveness
Three-year growth+40%
Volatility1.1
Maximum drawdown80.6%
TrendRapid growth
| Measure | Value | What it describes |
|---|---|---|
| Exporter | Thailand | Country represented by this profile |
| Latest observed exports | $1.8B | Sum of latest observed destination-lane values |
| Current 2024 exports | $1.7B | Common-year comparison where reported |
| Three-year growth | +40% | Annualized change in exporter totals |
| Five-year growth | +19.1% | Annualized change in exporter totals |
| Leading destination | MEX | Destination with the largest observed export value |
| Leading destination share | 26.8% | Share of observed exporter totals |
| Destination concentration | 1,378 | HHI across destination markets |
| Weighted share change | +3.1 pp | Value-weighted latest change in market share |
| Limited-history lanes | 26.4% | Share of lanes with shorter history |
Destination markets
Where does Thailand sell vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), nes in item no 8704.1?
Leading destination observations ranked by reported export value, with market position and access context.
| Destination | Latest exports | Market share | Growth | Access | Signal |
|---|---|---|---|---|---|
| Mexico | $471.4M | 13.8% | +87.1% | 0.1% tariff | Accelerating |
| Australia | $379.0M | 38.7% | +45.9% | FTA reported | Growing |
| United Arab Emirates | $188.3M | 29.6% | +7.6% | 0.1% tariff | Accelerating |
| Malaysia | $72.5M | 93% | +1,448.1% | FTA reported | Growing |
| Oman | $61.4M | 32.5% | -5.6% | 0.1% tariff | Accelerating |
| Brazil | $60.8M | 16.1% | +1,171.3% | 0.3% tariff | Accelerating |
| South Africa | $58.0M | 65.3% | +125.3% | 0.1% tariff | Growing |
| Argentina | $36.0M | 7.5% | +0% | 0.1% tariff | Accelerating |
| Chile | $35.3M | 11.4% | +195.8% | 0.1% tariff | Accelerating |
| Kazakhstan | $30.6M | 32% | +38.6% | 0.1% tariff | Accelerating |
| Kuwait | $30.1M | 12.4% | -2.5% | 0% tariff | Growing |
| United Kingdom | $23.8M | 11.9% | +658.3% | Not reported | Growing |
Destination
Australia
- Latest exports
- $379.0M
- Market share
- 38.7%
- Growth
- +45.9%
- Access
- FTA reported
- Signal
- Growing
Destination
United Arab Emirates
- Latest exports
- $188.3M
- Market share
- 29.6%
- Growth
- +7.6%
- Access
- 0.1% tariff
- Signal
- Accelerating
Destination
Malaysia
- Latest exports
- $72.5M
- Market share
- 93%
- Growth
- +1,448.1%
- Access
- FTA reported
- Signal
- Growing
Destination
Oman
- Latest exports
- $61.4M
- Market share
- 32.5%
- Growth
- -5.6%
- Access
- 0.1% tariff
- Signal
- Accelerating
Destination
Brazil
- Latest exports
- $60.8M
- Market share
- 16.1%
- Growth
- +1,171.3%
- Access
- 0.3% tariff
- Signal
- Accelerating
Destination
South Africa
- Latest exports
- $58.0M
- Market share
- 65.3%
- Growth
- +125.3%
- Access
- 0.1% tariff
- Signal
- Growing
Destination
Argentina
- Latest exports
- $36.0M
- Market share
- 7.5%
- Growth
- +0%
- Access
- 0.1% tariff
- Signal
- Accelerating
Destination
Chile
- Latest exports
- $35.3M
- Market share
- 11.4%
- Growth
- +195.8%
- Access
- 0.1% tariff
- Signal
- Accelerating
Destination
Kazakhstan
- Latest exports
- $30.6M
- Market share
- 32%
- Growth
- +38.6%
- Access
- 0.1% tariff
- Signal
- Accelerating
Destination
Kuwait
- Latest exports
- $30.1M
- Market share
- 12.4%
- Growth
- -2.5%
- Access
- 0% tariff
- Signal
- Growing
Destination
United Kingdom
- Latest exports
- $23.8M
- Market share
- 11.9%
- Growth
- +658.3%
- Access
- Not reported
- Signal
- Growing
Price intelligence
How does Thailand's price position vary?
Price comparisons are shown where market-level unit-value observations are available. They describe reported trade values and quantities, not quoted selling prices.
Highest reported price
Dominican Republic: $119.7K / ton.
Lowest reported price
Serbia: $478.8 / ton.
Median price
$10.9K / ton across reported markets.
Export trend
Reported export history
Annual observations for Thailand and HS 870431 where available.
| Year | Exports | Year-on-year change | Active destinations |
|---|---|---|---|
| 2010 | $1.3B | +26.5% | 68 |
| 2011 | $1.1B | -15.2% | 71 |
| 2012 | $2.5B | +137.6% | 69 |
| 2013 | $2.8B | +10.3% | 77 |
| 2014 | $2.4B | -14.5% | 84 |
| 2015 | $1.7B | -28.4% | 72 |
| 2016 | $1.0B | -39.7% | 72 |
| 2017 | $831.6M | -19.1% | 65 |
| 2018 | $687.2M | -17.4% | 64 |
| 2019 | $726.4M | +5.7% | 67 |
| 2020 | $615.1M | -15.3% | 74 |
| 2021 | $633.0M | +2.9% | 84 |
| 2022 | $836.6M | +32.2% | 110 |
| 2023 | $1.6B | +90.5% | 125 |
| 2024 | $1.7B | +9.1% | 134 |
Exporter context
Thailand economy and trade network
The exporter profile adds country-level trade and structural context to the selected product position. These indicators describe the country overall and are not limited to HS 870431.
Thailand has reported exports of $316.5B and a trade balance of $21.9B in 2024.
Available structural indicators include 107.7% trade openness, 25.5% investment, and 270 active trade partners.
Reported values
Export totals and destination values describe reported merchandise trade for the stated exporter, HS6 classification, and available year.
Calculated indicators
Growth, concentration, weighted share, volatility, drawdown, and price comparisons are calculated from reported observations.
Coverage
Missing values remain “Not reported”. Country-level indicators are presented separately from product-level observations.
Frequently asked questions
Questions about Thailand vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), nes in item no 8704.1 exports
Quick answers based on the figures and coverage shown on this page.
How strong is this exporter?+
Use latest exports, destination breadth, growth, concentration, and weighted share together rather than relying on one measure.
Which markets are most important?+
The destination table ranks reported markets by the latest observed export value.
Does the price section show quotes?+
No. It summarizes reported trade value and quantity observations converted to unit values.
What should be checked next?+
Compare this exporter with buyer markets, corridors, and the product overview before making a commercial decision.