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2022
Flag → Flag
Exports $41.7BRnk 15 / 211
2022
Flag → Flag
Top Product $3.83BBroadcasting Equipment
2022
Flag → Flag
Exports $30.2BRnk 2 / 218
2022
Flag → Flag
Top Product $3.49BOther Fruits
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
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GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

China-Thailand Trade: In 2022, China exported $41.7B to Thailand. The main products that China exported to Thailand were Broadcasting Equipment ($3.83B), Integrated Circuits ($1.85B), and Computers ($1.84B). Over the past 5 years the exports of China to Thailand have increased at an annualized rate of 80%, from $2.2B in 2017 to $41.7B in 2022.

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

Thailand-China Trade: In 2022, Thailand exported $30.2B to China. The main products that Thailand exported to China were Other Fruits ($3.49B), Synthetic Rubber ($2.69B), and Office Machine Parts ($2.47B). Over the past 5 years the exports of Thailand to China have increased at an annualized rate of 75.4%,  from $1.82B in 2017 to $30.2B in 2022.

In 2020, Thailand exported services to China worth $2.93B, with Travel ($2.45B), Other business services ($310M), and Transportation ($133M) being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $7.21B and imported $5.02B from Thailand, resulting in a positive trade balance of $2.19B. Between May 2023 and May 2024 the exports of China have increased by $1.18B (19.6%) from $6.03B to $7.21B, while imports increased by $399M (8.64%) from $4.62B to $5.02B.

Trade In May 2024, the top exports of China to Thailand were Telephones ($387M), Cars ($225M), Motor vehicles; parts and accessories (8701... ($151M), Coated Flat-Rolled Iron ($141M), and Semiconductor Devices ($135M). In May 2024 the top imports of China from Thailand were Integrated Circuits ($429M), Computers ($319M), Synthetic Rubber ($254M), Other Fruits ($215M), and Cassava ($138M).

Origins In May 2024 the exports of China were mainly from Guangdong Province ($1.53B), Jiangsu Province ($1.12B), Zhejiang Province ($1.12B), Shandong Province ($668M), and Shanghai Province ($487M), while imports destinations were mainly Guangdong Province ($1.69B), Shanghai Province ($576M), Zhejiang Province ($526M), Jiangsu Province ($387M), and Yunnan Province ($269M).

Growth In May 2024, the increase in China's year-by-year exports to Thailand was explained primarily by an increase in product exports in Cars ($182M or 427%), Semiconductor Devices ($55.2M or 69.5%), and Iron Pipes ($47.7M or 280%). In May 2024, the increase in China's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Synthetic Rubber ($30.3M or 13.5%), Scrap Aluminium ($19.6M or 750%), and Poultry Meat ($14.5M or 79.4%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$1.18B(19.6%)
IMPORT GROWTH (May 2023 - May 2024)$399M(8.64%)
MAIN EXPORTER (May 2024)Guangdong Province$1.53B

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

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

For full datasets download visit Bulk Download page.

Explore Thailand and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $41.7B to Thailand. The main products exported from China to Thailand were Broadcasting Equipment ($3.83B), Integrated Circuits ($1.85B), and Computers ($1.84B). During the last 5 years the exports of China to Thailand have increased at an annualized rate of 80%, from $2.2B in 2017 to $41.7B in 2022.

In 2017, Thailand exported $30.2B to China. The main products exported from Thailand to China were Other Fruits ($3.49B), Synthetic Rubber ($2.69B), and Office Machine Parts ($2.47B). During the last 22 years the exports of Thailand to China have increased at an annualized rate of 75.4%, from $1.82B in 1995 to $30.2B in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from China than Thailand included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Thailand than China included Laos ($4.5B), Guam ($11.2M), and American Samoa ($2.27M).

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

Comparative Advantage China - Thailand

Flow
Scale

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

During 2022, China had a large net trade with Thailand in the exports of Machines ($30B), Metals ($11.2B), and Chemical Products ($7.02B).

During 2017, Thailand had a large net trade with China in the exports of Plastics and Rubbers ($8.34B), Vegetable Products ($8.04B), and Machines ($7.38B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Thailand+$901MTelephones
Top Product Potential Thailand China+$1.57BIntegrated 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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Bilateral Service Trade

In 2020, Thailand exported services to China worth $2.93B, with Travel ($2.45B), Other business services ($310M), and Transportation ($133M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Thailand (Flag) to China (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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