Israel (ISR) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Israel-Thailand Trade: In 2023, Israel exported $441M to Thailand. The main products that Israel exported to Thailand were Diamonds ($158M), Potassic Fertilizers ($34.9M), and Integrated Circuits ($28.1M). Over the past 5 years the exports of Israel to Thailand have decreased at an annualized rate of 3.74%, from $533M in 2018 to $441M in 2023.

In 2012, Israel exported services to Thailand worth $6.55M, with Computer and information services ($6.55M) being the largest in terms of value.

Thailand-Israel Trade: In 2023, Thailand exported $843M to Israel. The main products that Thailand exported to Israel were Cars ($79.3M), Delivery Trucks ($72.6M), and Processed Fish ($55.2M). Over the past 5 years the exports of Thailand to Israel have increased at an annualized rate of 0.54%, from $816M in 2018 to $843M in 2023.

In 2023, Thailand did not export any services to Israel.

Comparison: In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Israel exported $441M to Thailand. The main products exported from Israel to Thailand were Diamonds ($158M), Potassic Fertilizers ($34.9M), and Integrated Circuits ($28.1M). During the last 5 years the exports of Israel to Thailand have decreased at an annualized rate of 3.74%, from $533M in 2018 to $441M in 2023.

In 2018, Thailand exported $843M to Israel. The main products exported from Thailand to Israel were Cars ($79.3M), Delivery Trucks ($72.6M), and Processed Fish ($55.2M). During the last 5 years the exports of Thailand to Israel have increased at an annualized rate of 0.54%, from $816M in 2023 to $843M in 2018.

Exports from Israel () to Thailand () (2023)

Exports from Thailand () to Israel () (2023)

Latest Data

Trade between Israel () and Thailand ()

Israel Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Israel than Thailand included Ireland ($4.22B), Egypt ($2.23B), and Cyprus ($671M).

In 2023, countries that imported more from Thailand than Israel included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

Difference in imports from Thailand () and Israel () (2023)

Comparative Advantage Israel - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Israel had a large net trade with Thailand in the exports of Precious Metals ($163M), Machines ($90.4M), and Chemical Products ($84.5M).

During 2018, Thailand had a large net trade with Israel in the exports of Machines ($259M), Transportation ($164M), and Foodstuffs ($134M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Thailand+$33.4MIntegrated Circuits

Top Product Potential Thailand Israel+$54.3MCars

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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Israel () to Thailand () (2023)

Exports from Thailand () to Israel () (2023)

Latest Data

Trade between Israel () and Thailand ()

Israel Exports

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Israel () (2023)

Comparative Advantage Israel - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Israel () and Thailand () (2023)

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