Reference

Β·

Supporting source

Thailand Medical Device Export Value

~USD 3–4B/yr

As ofFY2023Β·Sources4Β·Supporting

Thailand exports USD 3–4 billion of medical devices annually, making it a net medical-device exporter β€” unusual among middle-income economies. The bulk of export value is concentrated in lower-complexity, higher-volume categories: latex gloves, surgical gloves, wound-care products, and disposable syringes. Sri Trang Gloves (SET: STGT) and Rubberway dominate natural-rubber-based medical gloves, benefiting from Thailand's position as the world's largest natural rubber producer. BOI promotes medical-device manufacturing under Category 5.2, granting CIT exemptions of 5–8 years for qualifying Class II-III device producers. The Thai Medical Device Industry Association (THAIMED) tracks export volumes by HS sub-code.

Figure in context

Thailand exports USD 3–4 billion of medical devices annually, making it a net medical-device exporter β€” unusual among middle-income economies. The bulk of export value is concentrated in lower-complexity, higher-volume categories: latex gloves, surgical gloves, wound-care products, and disposable syringes. Sri Trang Gloves (SET: STGT) and Rubberway dominate natural-rubber-based medical gloves, benefiting from Thailand's position as the world's largest natural rubber producer. BOI promotes medical-device manufacturing under Category 5.2, granting CIT exemptions of 5–8 years for qualifying Class II-III device producers. The Thai Medical Device Industry Association (THAIMED) tracks export volumes by HS sub-code.

Thailand exports USD 3–4 billion of medical devices annually, making it a net medical-device exporter β€” unusual among middle-income economies. The bulk of export value is concentrated in lower-complexity, higher-volume categories: latex gloves, surgical gloves, wound-care products, and disposable syringes. Sri Trang Gloves (SET: STGT) and Rubberway dominate natural-rubber-based medical gloves, benefiting from Thailand's position as the world's largest natural rubber producer. BOI promotes medical-device manufacturing under Category 5.2, granting CIT exemptions of 5–8 years for qualifying Class II-III device producers. The Thai Medical Device Industry Association (THAIMED) tracks export volumes by HS sub-code.

Time scope

FY2023

Source basis

Supporting source

Interpretation notes

What this tells you

Thailand exports USD 3–4 billion of medical devices annually, making it a net medical-device exporter β€” unusual among middle-income economies. The bulk of export value is concentrated in lower-complexity, higher-volume categories: latex gloves, surgical gloves, wound-care products, and disposable syringes. Sri Trang Gloves (SET: STGT) and Rubberway dominate natural-rubber-based medical gloves, benefiting from Thailand's position as the world's largest natural rubber producer. BOI promotes medical-device manufacturing under Category 5.2, granting CIT exemptions of 5–8 years for qualifying Class II-III device producers. The Thai Medical Device Industry Association (THAIMED) tracks export volumes by HS sub-code.

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Thailand Medical Device Export Value Β· Insight