Flag Japan / Thailand Flag

2020
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Exports
: $24.5B, Rnk 6 / 213

2020
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Top Product
: $2.03B, Motor vehicles; parts and accessories (8701 to 8705)

2020
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Exports
: $23.2B, Rnk 3 / 214

2020
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Top Product
: $1.56B, Other Prepared Meat

2020
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Economic Complexity (ECI)
: ECI 2.19, Rnk 1 / 127

2020
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Economic Complexity (ECI)
: ECI 0.91, Rnk 30 / 127

2020
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GDP
: $5.04T, CURRENT US$
Rnk 3 / 204

2010-2020
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GDP GROWTH
: -12.5%, CURRENT US$
Rnk 188 / 204

2020
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 GDP
: $500B, CURRENT US$
Rnk 24 / 204

2010-2020
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GDP GROWTH
: 46.5%, CURRENT US$
Rnk 61 / 204

2020
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GDP PC 
: $39,918, CURRENT US$
Rnk 28 / 204

2010-2020
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GDP PC GROWTH
: -11.2%, CURRENT US$
Rnk 170 / 204

2020
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GDP PC
: $7,159, CURRENT US$
Rnk 95 / 204

2010-2020
Flag
GDP PC GROWTH
: 41%, CURRENT US$
Rnk 41 / 204

Japan-Thailand In 2020, Japan exported $24.5B to Thailand. The main products that Japan exported to Thailand are Motor vehicles; parts and accessories (8701 to 8705) ($2.03B), Integrated Circuits ($1.05B), and Hot-Rolled Iron ($685M). During the last 25 years the exports of Japan to Thailand have increased at an annualized rate of 0.83%, from $19.9B in 1995 to $24.5B in 2020.

In 2009, Japan exported services to Thailand worth $5.32B, with Services not allocated ($2.66B), Royalties and license fees ($1.5B), and Transportation ($820M) being the largest in terms of value.

Thailand-Japan In 2020, Thailand exported $23.2B to Japan. The main products that Thailand exported to Japan were Other Prepared Meat ($1.56B), Broadcasting Equipment ($1B), and Cars ($998M). During the last 25 years the exports of Thailand to Japan have increased at an annualized rate of 3.55%, from $9.71B in 1995 to $23.2B in 2020.

In 2020, Thailand exported services to Japan worth $2.36B, with Other business services ($1.26B), Travel ($760M), and Transportation ($233M) being the largest in terms of value.

Comparison In 2020,  Japan ranked 1 in the Economic Complexity Index (ECI 2.19), and 4 in total exports ($623B). That same year, Thailand ranked 30 in the Economic Complexity Index (ECI 0.91), and 23 in total exports ($243B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Japan exported $24.5B to Thailand. The main products exported from Japan to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($2.03B), Integrated Circuits ($1.05B), and Hot-Rolled Iron ($685M). During the last 25 years the exports of Japan to Thailand have increased at an annualized rate of 0.83%, from $19.9B in 1995 to $24.5B in 2020.

In 2020, Thailand exported $23.2B to Japan. The main products exported from Thailand to Japan were Other Prepared Meat ($1.56B), Broadcasting Equipment ($1B), and Cars ($998M). During the last 25 years the exports of Thailand to Japan have increased at an annualized rate of 3.55%, from $9.71B in 1995 to $23.2B in 2020.

Market Competitiveness

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Measure

Japan
Top Destination
: China, $133B

Thailand
Top Destination
: United States, $35.3B

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

In 2019, countries that imported more from Japan than Thailand were China ($133B), United States ($112B), and Chinese Taipei ($42.7B).

In 2019, countries that imported more from Thailand than Japan were Cambodia ($5.74B), Switzerland ($8.03B), and Laos ($3.36B).

Comparative Advantage Japan - Thailand

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Flow

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

During 2020, Japan had a large net trade with Thailand in the exports of Machines ($9.8B), Metals ($5.01B), and Transportation ($2.95B).

During 2020, Thailand had a large net trade with Japan in the exports of Machines ($8.5B), Foodstuffs ($3.12B), and Transportation ($2.25B).

Bilateral Service Trade

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In 2009, Japan exported services to Thailand worth $5.32B, with Services not allocated ($2.66B), Royalties and license fees ($1.5B), and Transportation ($820M) being the largest in terms of value.

In 2020, Thailand exported services to Japan worth $2.36B, with Other business services ($1.26B), Travel ($760M), and Transportation ($233M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Japan has comparative advantage over Thailand. Similarly, the more yellow a dot/product is, the more Thailand has comparative advantage over Japan.