2022
Flag  
GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH
-22.1%CURRENT US$
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2022
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 GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
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2022
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GDP PC 
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
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GDP PC GROWTH
-27.7%CURRENT US$
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2022
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GDP PC
$6,909CURRENT US$
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2012-2022
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GDP PC GROWTH
20.2%CURRENT US$
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About

Brazil-Thailand Trade: In 2022, Brazil exported $3.58B to Thailand. The main products that Brazil exported to Thailand were Soybeans ($1.67B), Soybean Meal ($1.33B), and Hydrogen ($53.8M). Over the past 5 years the exports of Brazil to Thailand have increased at an annualized rate of 14.3%, from $1.84B in 2017 to $3.58B in 2022.

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

Thailand-Brazil Trade: In 2022, Thailand exported $2.21B to Brazil. The main products that Thailand exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($381M), Rubber ($189M), and Engine Parts ($95.6M). Over the past 5 years the exports of Thailand to Brazil have increased at an annualized rate of 7.74%,  from $1.53B in 2017 to $2.21B in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). 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, Brazil exported $3.58B to Thailand. The main products exported from Brazil to Thailand were Soybeans ($1.67B), Soybean Meal ($1.33B), and Hydrogen ($53.8M). During the last 5 years the exports of Brazil to Thailand have increased at an annualized rate of 14.3%, from $1.84B in 2017 to $3.58B in 2022.

In 2017, Thailand exported $2.21B to Brazil. The main products exported from Thailand to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($381M), Rubber ($189M), and Engine Parts ($95.6M). During the last 5 years the exports of Thailand to Brazil have increased at an annualized rate of 7.74%, from $1.53B in 2022 to $2.21B in 2017.

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

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

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Thailand
Top Destination
United States$53.4B

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

In 2022, countries that imported more from Brazil than Thailand included China ($90.1B), Argentina ($15.4B), and Spain ($9.78B).

In 2022, countries that imported more from Thailand than Brazil included Japan ($24.6B), United States ($53.4B), and Australia ($12.6B).

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

Comparative Advantage Brazil - Thailand

Flow
Scale

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

During 2022, Brazil had a large net trade with Thailand in the exports of Vegetable Products ($1.69B), Foodstuffs ($1.34B), and Chemical Products ($103M).

During 2017, Thailand had a large net trade with Brazil in the exports of Machines ($782M), Transportation ($562M), and Plastics and Rubbers ($475M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Thailand+$112MCrude Petroleum
Top Product Potential Thailand Brazil+$98.8MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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