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2022
Flag → Flag
Exports $1.02BRnk 30 / 215
2022
Flag → Flag
Exports $3.13BRnk 24 / 218
2022
Flag → Flag
Top Product $204MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Canada-Thailand Trade: In 2022, Canada exported $1.02B to Thailand. The main products that Canada exported to Thailand were N/A. Over the past 5 years the exports of Canada to Thailand have increased at an annualized rate of 10.1%, from $629M in 2017 to $1.02B in 2022.

In 2020, Canada exported services to Thailand worth $75.3M, with Travel ($24.6M), Financial services ($18.6M), and Transportation ($16.4M) being the largest in terms of value.

Thailand-Canada Trade: In 2022, Thailand exported $3.13B to Canada. The main products that Thailand exported to Canada were Broadcasting Equipment ($204M), Office Machine Parts ($149M), and Processed Fish ($142M). Over the past 5 years the exports of Thailand to Canada have increased at an annualized rate of 10.5%,  from $1.9B in 2017 to $3.13B in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$81.4M and imported C$499M from Thailand, resulting in a negative trade balance of C$417M. Between August 2023 and August 2024 the exports of Canada have increased by C$3.23M (4.13%) from C$78.2M to C$81.4M, while imports increased by C$66.5M (15.4%) from C$432M to C$499M.

Trade In August 2024, the top exports of Canada to Thailand were Potassic Fertilizers (C$6.41M), Raw Nickel (C$5.47M), Sulfate Chemical Woodpulp (C$5.16M), Non-Retail Synthetic Filament Yarn (C$4.91M), and Wheat (C$4.37M). In August 2024 the top imports of Canada from Thailand were Computers (C$32.6M), Telephones (C$23.3M), Integrated Circuits (C$17.9M), Processed Fish (C$16.4M), and Jewellery (C$14.5M).

Origins In August 2024 the exports of Canada were mainly from Ontario (C$16.3M), Alberta (C$15M), Quebec (C$13.2M), Saskatchewan (C$11.4M), and Manitoba (C$10.5M), while imports destinations were mainly Ontario (C$262M), British Columbia (C$138M), Quebec (C$44M), Alberta (C$33.8M), and Nova Scotia (C$8.86M).

Growth In August 2024, the increase in Canada's year-by-year exports to Thailand was explained primarily by an increase in product exports in Non-Retail Synthetic Filament Yarn (C$4.17M or 563%), Wheat (C$3.31M or 315%), and Raw Nickel (C$2.79M or 104%). In August 2024, the increase in Canada's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Other Small Iron Pipes (C$9.18M or 4.01k%), Motorcycles and cycles (C$5.71M or 69.5%), and Jewellery (C$5.26M or 56.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$3.23M(4.13%)
IMPORT GROWTH (August 2023 - August 2024)C$66.5M(15.4%)
MAIN EXPORTER (August 2024)OntarioC$16.3M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Thailand and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $1.02B to Thailand. There were not main exports from Canada to Thailand in 2022. During the last 5 years the exports of Canada to Thailand have increased at an annualized rate of 10.1%, from $629M in 2017 to $1.02B in 2022.

In 2017, Thailand exported $3.13B to Canada. The main products exported from Thailand to Canada were Broadcasting Equipment ($204M), Office Machine Parts ($149M), and Processed Fish ($142M). During the last 5 years the exports of Thailand to Canada have increased at an annualized rate of 10.5%, from $1.9B in 2022 to $3.13B in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Canada than Thailand included United States ($438B), United Kingdom ($12.9B), and Mexico ($7.39B).

In 2022, countries that imported more from Thailand than Canada included Vietnam ($13.4B), Malaysia ($12.7B), and Japan ($24.6B).

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

Comparative Advantage Canada - Thailand

Flow
Scale

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

During 2022, Canada had a large net trade with Thailand in the exports of Chemical Products ($280M), Machines ($185M), and Paper Goods ($162M).

During 2017, Thailand had a large net trade with Canada in the exports of Machines ($1.35B), Foodstuffs ($438M), and Plastics and Rubbers ($267M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Thailand+$20.9MTelephones
Top Product Potential Thailand Canada+$169MComputers

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

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

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