2022
Flag  
GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Thailand-Norway Trade: In 2022, Thailand exported $434M to Norway. The main products that Thailand exported to Norway were Iron Structures ($107M), Air Conditioners ($44.6M), and Delivery Trucks ($16.5M). Over the past 5 years the exports of Thailand to Norway have decreased at an annualized rate of 7.62%, from $644M in 2017 to $434M in 2022.

In 2022, Thailand did not export any services to Norway.

Norway-Thailand Trade: In 2022, Norway exported $697M to Thailand. The main products that Norway exported to Thailand were Non-fillet Fresh Fish ($227M), Mixed Mineral or Chemical Fertilizers ($164M), and Scrap Vessels ($104M). Over the past 5 years the exports of Norway to Thailand have increased at an annualized rate of 13.2%,  from $374M in 2017 to $697M in 2022.

In 2022, Norway did not export any services to Thailand.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $434M to Norway. The main products exported from Thailand to Norway were Iron Structures ($107M), Air Conditioners ($44.6M), and Delivery Trucks ($16.5M). During the last 5 years the exports of Thailand to Norway have decreased at an annualized rate of 7.62%, from $644M in 2017 to $434M in 2022.

In 2017, Norway exported $697M to Thailand. The main products exported from Norway to Thailand were Non-fillet Fresh Fish ($227M), Mixed Mineral or Chemical Fertilizers ($164M), and Scrap Vessels ($104M). During the last 5 years the exports of Norway to Thailand have increased at an annualized rate of 13.2%, from $374M in 2022 to $697M in 2017.

Exports from Thailand (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to Thailand (Flag) (2022)

Latest Data

Trade between Thailand (Flag) and Norway (Flag)

Thailand Exports

Norway Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Norway
Top Destination
Germany$78.1B

This map shows whether countries import more from Thailand or Norway. Each country is colored based on the difference in imports they receive from Thailand and Norway or the difference in the growth in imports.

In 2022, countries that imported more from Thailand than Norway included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Norway than Thailand included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway (Flag) and Thailand (Flag) (2022)

Comparative Advantage Thailand - Norway

Flow
Scale

This chart compares trade between Thailand and Norway by product, considering products traded by both, Thailand and Norway.

During 2022, Thailand had a large net trade with Norway in the exports of Machines ($141M), Metals ($117M), and Transportation ($37.5M).

During 2017, Norway had a large net trade with Thailand in the exports of Animal Products ($304M), Chemical Products ($181M), and Transportation ($105M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Norway+$23.2MTelephones
Top Product Potential Norway Thailand+$8.98MFish Fillets

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Thailand and Norway. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Thailand.

Product Space of Thailand (Flag) and Norway (Flag) (2022)

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