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Pricing

2022
Flag → Flag
Exports $426MRnk 52 / 218
2022
Flag → Flag
Top Product $81.2MNon-Retail Synthetic Staple Fibers Yarn
2022
Flag → Flag
Exports $39MRnk 67 / 187
2022
Flag → Flag
Top Product $9.93MPrecious Stones
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 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$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Thailand-Colombia Trade: In 2022, Thailand exported $426M to Colombia. The main products that Thailand exported to Colombia were Non-Retail Synthetic Staple Fibers Yarn ($81.2M), Household Washing Machines ($27.4M), and Delivery Trucks ($27.3M). Over the past 5 years the exports of Thailand to Colombia have increased at an annualized rate of 10.2%, from $262M in 2017 to $426M in 2022.

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

Colombia-Thailand Trade: In 2022, Colombia exported $39M to Thailand. The main products that Colombia exported to Thailand were Precious Stones ($9.93M), Ferroalloys ($9.42M), and Scrap Iron ($4.9M). Over the past 5 years the exports of Colombia to Thailand have decreased at an annualized rate of 1.88%,  from $42.8M in 2017 to $39M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $426M to Colombia. The main products exported from Thailand to Colombia were Non-Retail Synthetic Staple Fibers Yarn ($81.2M), Household Washing Machines ($27.4M), and Delivery Trucks ($27.3M). During the last 5 years the exports of Thailand to Colombia have increased at an annualized rate of 10.2%, from $262M in 2017 to $426M in 2022.

In 2017, Colombia exported $39M to Thailand. The main products exported from Colombia to Thailand were Precious Stones ($9.93M), Ferroalloys ($9.42M), and Scrap Iron ($4.9M). During the last 5 years the exports of Colombia to Thailand have decreased at an annualized rate of 1.88%, from $42.8M in 2022 to $39M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Colombia (Flag)

Thailand Exports

Colombia Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Colombia
Top DestinationUnited States$15.6B

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

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

In 2022, countries that imported more from Colombia than Thailand included Panama ($5.84B), Ecuador ($1.89B), and Chile ($1.63B).

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

Comparative Advantage Thailand - Colombia

Flow
Scale

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

During 2022, Thailand had a large net trade with Colombia in the exports of Machines ($132M), Textiles ($90.1M), and Plastics and Rubbers ($63.1M).

During 2017, Colombia had a large net trade with Thailand in the exports of Metals ($17.2M), Precious Metals ($10.2M), and Chemical Products ($5.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Colombia+$30.2MTelephones
Top Product Potential Colombia Thailand+$3.35MFerroalloys

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

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

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