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Pricing

2022
Flag → Flag
Exports $1.17BRnk 48 / 138
2022
Flag → Flag
Top Product $242MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $581MRnk 46 / 218
2022
Flag → Flag
Top Product $50.2MRubber Tires
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Russia-Thailand Trade: In 2022, Russia exported $1.17B to Thailand. The main products that Russia exported to Thailand were Mixed Mineral or Chemical Fertilizers ($242M), Crude Petroleum ($241M), and Gold ($194M). Over the past 5 years the exports of Russia to Thailand have increased at an annualized rate of 13.5%, from $620M in 2017 to $1.17B in 2022.

In 2020, Russia exported services to Thailand worth $36.2M, with Transportation ($18.4M), Travel ($6.26M), and Other business services ($5.8M) being the largest in terms of value.

Thailand-Russia Trade: In 2022, Thailand exported $581M to Russia. The main products that Thailand exported to Russia were Rubber Tires ($50.2M), Ethylene Polymers ($42.1M), and Cars ($38.9M). Over the past 5 years the exports of Thailand to Russia have decreased at an annualized rate of 13.5%,  from $1.2B in 2017 to $581M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $55.8M and imported $183M from Thailand, resulting in a negative trade balance of $127M. Between January 2021 and January 2022 the exports of Russia have increased by $29.4M (111%) from $26.4M to $55.8M, while imports increased by $66.6M (57.3%) from $116M to $183M.

Trade In January 2022, the top exports of Russia to Thailand were Mixed Mineral or Chemical Fertilizers ($6.64M), Semi-Finished Iron ($4.34M), Raw Aluminium ($2.34M), Coal Briquettes ($2.11M), and Steel Ingots ($1.57M). In January 2022 the top imports of Russia from Thailand were Computers ($16.3M), Delivery Trucks ($12.3M), Large Construction Vehicles ($8.32M), Cars ($6.49M), and Motor vehicles; parts and accessories (8701... ($6.01M).

Origins In January 2022 the exports of Russia were mainly from VOLOGDA REGION ($32.9M), IRKUTSK REGION ($10M), KEMEROVO REGION ($4.51M), REPUBLIC OF KHAKASSIA ($2.68M), and MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($686k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($79.7M), MOSCOW REGION ($33.5M), ST. PETERSBURG ($15.4M), KALUGA REGION ($14.3M), and REPUBLIC OF TATARSTAN ($6.94M).

Growth In January 2022, the increase in Russia's year-by-year exports to Thailand was explained primarily by an increase in product exports in Coal Briquettes ($832k or 65.2%), Synthetic Rubber ($618k or 76.5%), and Raw Aluminium ($458k or 24.3%). In January 2022, the increase in Russia's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Delivery Trucks ($7.75M or 172%), Cars ($5.19M or 397%), and Large Construction Vehicles ($4.48M or 117%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$29.4M(111%)
IMPORT GROWTH (January 2021 - January 2022)$66.6M(57.3%)
MAIN EXPORTER (January 2022)VOLOGDA REGION$32.9M

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

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

For full datasets download visit Bulk Download page.

Explore Thailand and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $1.17B to Thailand. The main products exported from Russia to Thailand were Mixed Mineral or Chemical Fertilizers ($242M), Crude Petroleum ($241M), and Gold ($194M). During the last 5 years the exports of Russia to Thailand have increased at an annualized rate of 13.5%, from $620M in 2017 to $1.17B in 2022.

In 2017, Thailand exported $581M to Russia. The main products exported from Thailand to Russia were Rubber Tires ($50.2M), Ethylene Polymers ($42.1M), and Cars ($38.9M). During the last 5 years the exports of Thailand to Russia have decreased at an annualized rate of 13.5%, from $1.2B in 2022 to $581M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Russia than Thailand included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Thailand than Russia included United States ($53.4B), Australia ($12.6B), and Vietnam ($13.4B).

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

Comparative Advantage Russia - Thailand

Flow
Scale

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

During 2022, Russia had a large net trade with Thailand in the exports of Mineral Products ($316M), Chemical Products ($260M), and Metals ($231M).

During 2017, Thailand had a large net trade with Russia in the exports of Plastics and Rubbers ($149M), Foodstuffs ($113M), and Machines ($83M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Thailand+$381MCrude Petroleum
Top Product Potential Thailand Russia+$61.8MCars

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

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

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