2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186

About

China-Thailand Trade: In 2022, China exported $76.3B to Thailand. The main products that China exported to Thailand were Broadcasting Equipment ($3.83B), Integrated Circuits ($1.85B), and Computers ($1.84B). Over the past 5 years the exports of China to Thailand have increased at an annualized rate of 12.9%, from $41.7B in 2017 to $76.3B in 2022.

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

Thailand-China Trade: In 2022, Thailand exported $35.3B to China. The main products that Thailand exported to China were Other Fruits ($3.49B), Synthetic Rubber ($2.69B), and Office Machine Parts ($2.47B). Over the past 5 years the exports of Thailand to China have increased at an annualized rate of 3.14%,  from $30.2B in 2017 to $35.3B in 2022.

In 2020, Thailand exported services to China worth $2.93B, with Travel ($2.45B), Other business services ($310M), and Transportation ($133M) being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $76.3B to Thailand. The main products exported from China to Thailand were Broadcasting Equipment ($3.83B), Integrated Circuits ($1.85B), and Computers ($1.84B). During the last 5 years the exports of China to Thailand have increased at an annualized rate of 12.9%, from $41.7B in 2017 to $76.3B in 2022.

In 2017, Thailand exported $35.3B to China. The main products exported from Thailand to China were Other Fruits ($3.49B), Synthetic Rubber ($2.69B), and Office Machine Parts ($2.47B). During the last 5 years the exports of Thailand to China have increased at an annualized rate of 3.14%, from $30.2B in 2022 to $35.3B in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
United States$551B
Thailand
Top Destination
United States$53.4B

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

In 2022, countries that imported more from China than Thailand included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Thailand than China included Laos ($4.5B), Guam ($11.2M), and American Samoa ($2.27M).

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

Comparative Advantage China - Thailand

Flow
Scale

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

During 2022, China had a large net trade with Thailand in the exports of Machines ($30B), Metals ($11.2B), and Chemical Products ($7.02B).

During 2017, Thailand had a large net trade with China in the exports of Plastics and Rubbers ($8.34B), Vegetable Products ($8.04B), and Machines ($7.38B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Thailand+$901MTelephones
Top Product Potential Thailand China+$1.57BIntegrated Circuits

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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Bilateral Service Trade

In 2020, Thailand exported services to China worth $2.93B, with Travel ($2.45B), Other business services ($310M), and Transportation ($133M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Thailand (Flag) to China (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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