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Pricing

2022
Flag → Flag
Exports $277MRnk 59 / 218
2022
Flag → Flag
Top Product $42.9MNon-Retail Synthetic Staple Fibers Yarn
2022
Flag → Flag
Exports $80.8MRnk 39 / 170
2022
Flag → Flag
Top Product $73.4MCrustaceans
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Thailand-Ecuador Trade: In 2022, Thailand exported $277M to Ecuador. The main products that Thailand exported to Ecuador were Non-Retail Synthetic Staple Fibers Yarn ($42.9M), Delivery Trucks ($34.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($28.1M). Over the past 5 years the exports of Thailand to Ecuador have decreased at an annualized rate of 1.64%, from $301M in 2017 to $277M in 2022.

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

Ecuador-Thailand Trade: In 2022, Ecuador exported $80.8M to Thailand. The main products that Ecuador exported to Thailand were Crustaceans ($73.4M), Other Iron Products ($2.34M), and Other live plants, cuttings and slips; mushroom spawn ($933k). Over the past 5 years the exports of Ecuador to Thailand have increased at an annualized rate of 44.1%,  from $13M in 2017 to $80.8M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $277M to Ecuador. The main products exported from Thailand to Ecuador were Non-Retail Synthetic Staple Fibers Yarn ($42.9M), Delivery Trucks ($34.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($28.1M). During the last 5 years the exports of Thailand to Ecuador have decreased at an annualized rate of 1.64%, from $301M in 2017 to $277M in 2022.

In 2017, Ecuador exported $80.8M to Thailand. The main products exported from Ecuador to Thailand were Crustaceans ($73.4M), Other Iron Products ($2.34M), and Other live plants, cuttings and slips; mushroom spawn ($933k). During the last 5 years the exports of Ecuador to Thailand have increased at an annualized rate of 44.1%, from $13M in 2022 to $80.8M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Ecuador (Flag)

Thailand Exports

Ecuador Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Ecuador
Top DestinationUnited States$9.86B

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

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

In 2022, countries that imported more from Ecuador than Thailand included Panama ($4.97B), Colombia ($1.07B), and Chile ($1.34B).

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

Comparative Advantage Thailand - Ecuador

Flow
Scale

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

During 2022, Thailand had a large net trade with Ecuador in the exports of Transportation ($82M), Machines ($64.1M), and Textiles ($46.9M).

During 2017, Ecuador had a large net trade with Thailand in the exports of Animal Products ($73.5M), Metals ($4.2M), and Vegetable Products ($1.27M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Ecuador+$17.7MCars
Top Product Potential Ecuador Thailand+$3.17MCrustaceans

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 Ecuador. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Thailand.

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

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