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2022
Flag → Flag
Exports $703MRnk 57 / 218
2022
Flag → Flag
Top Product $41.3MAcyclic Hydrocarbons
2022
Flag → Flag
Exports $1.3BRnk 35 / 218
2022
Flag → Flag
Top Product $164MAir Conditioners
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Spain-Thailand Trade: In 2022, Spain exported $703M to Thailand. The main products that Spain exported to Thailand were Acyclic Hydrocarbons ($41.3M), Packaged Medicaments ($35.2M), and Animal Meal and Pellets ($34.3M). Over the past 5 years the exports of Spain to Thailand have decreased at an annualized rate of 0.64%, from $726M in 2017 to $703M in 2022.

In 2006, Spain exported services to Thailand worth $94.8M, with Services not allocated ($94.8M) being the largest in terms of value.

Thailand-Spain Trade: In 2022, Thailand exported $1.3B to Spain. The main products that Thailand exported to Spain were Air Conditioners ($164M), Rubber ($137M), and Rubber Tires ($72.3M). Over the past 5 years the exports of Thailand to Spain have increased at an annualized rate of 1.46%,  from $1.21B in 2017 to $1.3B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €50.1M and imported €141M from Thailand, resulting in a negative trade balance of €90.8M. Between June 2023 and June 2024 the exports of Spain have increased by €2.07M (4.3%) from €48M to €50.1M, while imports increased by €26M (22.6%) from €115M to €141M.

Trade In June 2024, the top exports of Spain to Thailand were Acyclic Hydrocarbons (€5.87M), Packaged Medicaments (€3.9M), Animal Meal and Pellets (€2.63M), Vaccines, blood, antisera, toxins and cultures (€2.61M), and Buses (€1.52M). In June 2024 the top imports of Spain from Thailand were Jewellery (€17.5M), Air Conditioners (€11.3M), Computers (€8.51M), Rubber (€6.09M), and Motorcycles and cycles (€5.58M).

Origins In June 2024 the exports of Spain were mainly from Barcelona (€16.2M), Guipúzcoa (€4.77M), Madrid (€4.01M), Valencia (€3.71M), and Asturias (€2.6M), while imports destinations were mainly Barcelona (€48.2M), Madrid (€44M), Valladolid (€8.9M), Zaragoza (€6.37M), and Guadalajara (€4.07M).

Growth In June 2024, the increase in Spain's year-by-year exports to Thailand was explained primarily by an increase in product exports in Acyclic Hydrocarbons (€5.87M or 363k%), Vaccines, blood, antisera, toxins and cultures (€1.72M or 194%), and Packaged Medicaments (€1.58M or 67.9%). In June 2024, the increase in Spain's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Jewellery (€5.53M or 46.3%), Air Conditioners (€3.84M or 51.4%), and Carboxylic Acids (€3.13M or 753%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€2.07M(4.3%)
IMPORT GROWTH (June 2023 - June 2024)€26M(22.6%)
MAIN EXPORTER (June 2024)Barcelona€16.2M

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

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

For full datasets download visit Bulk Download page.

Explore Thailand and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $703M to Thailand. The main products exported from Spain to Thailand were Acyclic Hydrocarbons ($41.3M), Packaged Medicaments ($35.2M), and Animal Meal and Pellets ($34.3M). During the last 5 years the exports of Spain to Thailand have decreased at an annualized rate of 0.64%, from $726M in 2017 to $703M in 2022.

In 2017, Thailand exported $1.3B to Spain. The main products exported from Thailand to Spain were Air Conditioners ($164M), Rubber ($137M), and Rubber Tires ($72.3M). During the last 5 years the exports of Thailand to Spain have increased at an annualized rate of 1.46%, from $1.21B in 2022 to $1.3B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Spain than Thailand included France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

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

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

Comparative Advantage Spain - Thailand

Flow
Scale

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

During 2022, Spain had a large net trade with Thailand in the exports of Chemical Products ($204M), Machines ($118M), and Metals ($67.3M).

During 2017, Thailand had a large net trade with Spain in the exports of Machines ($380M), Plastics and Rubbers ($313M), and Transportation ($124M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Thailand+$32.8MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Thailand Spain+$91.4MComputers

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

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

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