2022
Flag  
GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 186
2022
Flag
GDP PC 
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Thailand-South Korea Trade: In 2022, Thailand exported $7.01B to South Korea. The main products that Thailand exported to South Korea were Refined Petroleum ($640M), Integrated Circuits ($490M), and Rubber ($388M). Over the past 5 years the exports of Thailand to South Korea have increased at an annualized rate of 6.42%, from $5.14B in 2017 to $7.01B in 2022.

In 2022, Thailand did not export any services to South Korea.

South Korea-Thailand Trade: In 2022, South Korea exported $8.92B to Thailand. The main products that South Korea exported to Thailand were Integrated Circuits ($981M), Coated Flat-Rolled Iron ($418M), and Cold-Rolled Iron ($352M). Over the past 5 years the exports of South Korea to Thailand have increased at an annualized rate of 2.86%,  from $7.75B in 2017 to $8.92B in 2022.

In 2005, South Korea exported services to Thailand worth $908M, with Services not allocated ($409M), Transportation ($342M), and Travel ($94.9M) 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $7.01B to South Korea. The main products exported from Thailand to South Korea were Refined Petroleum ($640M), Integrated Circuits ($490M), and Rubber ($388M). During the last 5 years the exports of Thailand to South Korea have increased at an annualized rate of 6.42%, from $5.14B in 2017 to $7.01B in 2022.

In 2017, South Korea exported $8.92B to Thailand. The main products exported from South Korea to Thailand were Integrated Circuits ($981M), Coated Flat-Rolled Iron ($418M), and Cold-Rolled Iron ($352M). During the last 5 years the exports of South Korea to Thailand have increased at an annualized rate of 2.86%, from $7.75B in 2022 to $8.92B in 2017.

Exports from Thailand (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Thailand (Flag) (2022)

Latest Data

Trade between Thailand (Flag) and South Korea (Flag)

Thailand Exports

South Korea Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
South Korea
Top Destination
China$150B

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

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

In 2022, countries that imported more from South Korea than Thailand included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Thailand (Flag) (2022)

Comparative Advantage Thailand - South Korea

Flow
Scale

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

During 2022, Thailand had a large net trade with South Korea in the exports of Machines ($1.9B), Plastics and Rubbers ($1.03B), and Foodstuffs ($913M).

During 2017, South Korea had a large net trade with Thailand in the exports of Metals ($2.54B), Machines ($2.49B), and Plastics and Rubbers ($1.03B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand South Korea+$353MIntegrated Circuits
Top Product Potential South Korea Thailand+$349MIntegrated 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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Economic Complexity

Competitive Landscape

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

Product Space of Thailand (Flag) and South Korea (Flag) (2022)

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