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Pricing

2022
Flag → Flag
Exports $2.06BRnk 32 / 224
2022
Flag → Flag
Top Product $310MGold
2022
Flag → Flag
Exports $4.7BRnk 18 / 218
2022
Flag → Flag
Top Product $712MOther Prepared Meat
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

United Kingdom-Thailand Trade: In 2022, United Kingdom exported $2.06B to Thailand. The main products that United Kingdom exported to Thailand were Gold ($310M), Integrated Circuits ($280M), and Combustion Engines ($155M). Over the past 5 years the exports of United Kingdom to Thailand have increased at an annualized rate of 1.85%, from $1.88B in 2017 to $2.06B in 2022.

In 2019, United Kingdom exported services to Thailand worth $946M, with Travel ($370M), Other business services ($233M), and Royalties and license fees ($173M) being the largest in terms of value.

Thailand-United Kingdom Trade: In 2022, Thailand exported $4.7B to United Kingdom. The main products that Thailand exported to United Kingdom were Other Prepared Meat ($712M), Jewellery ($337M), and Motorcycles and cycles ($243M). Over the past 5 years the exports of Thailand to United Kingdom have increased at an annualized rate of 2.61%,  from $4.13B in 2017 to $4.7B in 2022.

In 2020, Thailand exported services to United Kingdom worth $2.14B, with Other business services ($1.25B), Travel ($589M), and Transportation ($118M) being the largest in terms of value.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

September, 2024

About

Overview In September 2024, United Kingdom exported £108M and imported £234M from Thailand, resulting in a negative trade balance of £125M. Between September 2023 and September 2024 the exports of United Kingdom have increased by £3.15M (2.99%) from £105M to £108M, while imports decreased by £-9.49M (-3.9%) from £243M to £234M.

Trade In September 2024, the top exports of United Kingdom to Thailand were Integrated Circuits (£22M), Cars (£14.8M), Combustion Engines (£11.7M), Scrap Aluminium (£8.28M), and Recovered Paper (£4.76M). In September 2024 the top imports of United Kingdom from Thailand were Other Prepared Meat (£57.5M), Jewellery (£15.1M), Telephones (£10.8M), Air Conditioners (£9.15M), and Integrated Circuits (£7.62M).

Origins In September 2024 the exports of United Kingdom were mainly from Felixstowe (£34.1M), London Heathrow Airport (£24.7M), Southampton (£12.8M), Belfast International Airport (£11.5M), and London Gateway (£7.48M), while imports destinations were mainly Felixstowe (£84.8M), Southampton (£51.3M), London Heathrow Airport (£23.6M), and East Midlands Airport (£9.3M).

Growth In September 2024, the increase in United Kingdom's year-by-year exports to Thailand was explained primarily by an increase in product exports in Combustion Engines (£11.3M or 3.06k%), Scrap Aluminium (£6.17M or 293%), and Hard Liquor (£3.78M or 698%). In September 2024, the decrease in United Kingdom's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Air Pumps (£-4.4M or -78%), Other Edible Preparations (£-2.12M or -58.7%), and Precious Stones (£-1.89M or -62.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)£3.15M(2.99%)
IMPORT GROWTH (September 2023 - September 2024)£-9.49M(-3.9%)
MAIN EXPORTER (September 2024)Felixstowe£34.1M

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

To check Thailand and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and United Kingdom Data

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Historical Data

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from United Kingdom than Thailand included Netherlands ($41.9B), Germany ($40.6B), and Ireland ($32.6B).

In 2022, countries that imported more from Thailand than United Kingdom included Japan ($24.6B), Vietnam ($13.4B), and Malaysia ($12.7B).

Difference in imports from Thailand (Flag) and United Kingdom (Flag) (2022)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Thailand+$130MGold
Top Product Potential Thailand United Kingdom+$192MComputers

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 2019, United Kingdom exported services to Thailand worth $946M, with Travel ($370M), Other business services ($233M), and Royalties and license fees ($173M) being the largest in terms of value.

In 2020, Thailand exported services to United Kingdom worth $2.14B, with Other business services ($1.25B), Travel ($589M), and Transportation ($118M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Thailand (Flag) (2019)

Services Exports from Thailand (Flag) to United Kingdom (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Thailand (Flag) (NaN)

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