2022
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GDP
$495BCURRENT US$
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2012-2022
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GDP GROWTH
24.6%CURRENT US$
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2022
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$4.23TCURRENT US$
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-32.5%CURRENT US$
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$6,909CURRENT US$
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20.2%CURRENT US$
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GDP PC
$33,815CURRENT US$
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-31.2%CURRENT US$
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About

Thailand-Japan Trade: In 2022, Thailand exported $24.6B to Japan. The main products that Thailand exported to Japan were Other Prepared Meat ($1.58B), Motor vehicles; parts and accessories (8701 to 8705) ($831M), and Integrated Circuits ($770M). Over the past 5 years the exports of Thailand to Japan have increased at an annualized rate of 1.73%, from $22.6B in 2017 to $24.6B in 2022.

In 2020, Thailand exported services to Japan worth $2.36B, with Other business services ($1.26B), Travel ($760M), and Transportation ($233M) being the largest in terms of value.

Japan-Thailand Trade: In 2022, Japan exported $30.8B to Thailand. The main products that Japan exported to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($2.51B), Hot-Rolled Iron ($1.57B), and Integrated Circuits ($1.34B). Over the past 5 years the exports of Japan to Thailand have increased at an annualized rate of 1.24%,  from $28.9B in 2017 to $30.8B in 2022.

In 2009, Japan exported services to Thailand worth $5.32B, with Services not allocated ($2.66B), Royalties and license fees ($1.5B), and Transportation ($820M) being the largest in terms of value.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $24.6B to Japan. The main products exported from Thailand to Japan were Other Prepared Meat ($1.58B), Motor vehicles; parts and accessories (8701 to 8705) ($831M), and Integrated Circuits ($770M). During the last 5 years the exports of Thailand to Japan have increased at an annualized rate of 1.73%, from $22.6B in 2017 to $24.6B in 2022.

In 2017, Japan exported $30.8B to Thailand. The main products exported from Japan to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($2.51B), Hot-Rolled Iron ($1.57B), and Integrated Circuits ($1.34B). During the last 5 years the exports of Japan to Thailand have increased at an annualized rate of 1.24%, from $28.9B in 2022 to $30.8B in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Japan (Flag)

Thailand Exports

Japan Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Japan
Top Destination
United States$137B

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

In 2022, countries that imported more from Thailand than Japan included Cambodia ($8.63B), Laos ($4.5B), and Burma ($4.7B).

In 2022, countries that imported more from Japan than Thailand included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

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

Comparative Advantage Thailand - Japan

Flow
Scale

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

During 2022, Thailand had a large net trade with Japan in the exports of Machines ($8.49B), Foodstuffs ($3.24B), and Plastics and Rubbers ($2.57B).

During 2017, Japan had a large net trade with Thailand in the exports of Machines ($10.9B), Metals ($8.21B), and Transportation ($3.36B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Japan+$299MComputers
Top Product Potential Japan Thailand+$182MCars

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

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

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