Japan (JPN) and Thailand (THA) Trade

About

Japan-Thailand: In 2018, Japan exported $31.6B to Thailand. The main products exported from Japan to Thailand were Vehicle Parts ($2.78B), Integrated Circuits ($1.32B), and Hot-Rolled Iron ($1.3B). During the last 23 years the exports of Japan to Thailand have increased at an annualized rate of 1.97%, from $20.1B in 1995 to $31.6B in 2018. 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 2018, Thailand exported $24.9B to Japan. The main products exported from Thailand to Japan were Other Prepared Meat ($1.55B), Broadcasting Equipment ($1.09B), and Vehicle Parts ($938M). During the last 23 years the exports of Thailand to Japan have increased at an annualized rate of 4.16%, from $9.76B in 1995 to $24.9B in 2018.

Comparison: In 2018, Japan ranked 1 in the Economic Complexity Index (ECI 2.17), and 4 in total exports ($713B). That same year, Thailand ranked 28 in the Economic Complexity Index (ECI 0.93), and 22 in total exports ($262B). In terms of GDP Per Capita, Japan was ranked 27 with a GDP Per Capita of $39,290, and Thailand was ranked 91 with a GDP Per Capita of $7,274.

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

In 2018, Japan exported $31.6B to Thailand. The main products exported from Japan to Thailand were Vehicle Parts ($2.78B), Integrated Circuits ($1.32B), and Hot-Rolled Iron ($1.3B). During the last 23 years the exports of Japan to Thailand have increased at an annualized rate of 1.97%, from $20.1B in 1995 to $31.6B in 2018.

In 2018, Thailand exported $24.9B to Japan. The main products exported from Thailand to Japan were Other Prepared Meat ($1.55B), Broadcasting Equipment ($1.09B), and Vehicle Parts ($938M). During the last 23 years the exports of Thailand to Japan have increased at an annualized rate of 4.16%, from $9.76B in 1995 to $24.9B in 2018.

Latest Data

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Date

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Date

Market Competitiveness

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Measure

SectionYear

Japan
Top Destination: China, $139B

Thailand
Top Destination: China, $31B

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 2018, countries that imported more from Japan than Thailand were China ($139B), United States ($135B), and South Korea ($51.5B).

In 2018, countries that imported more from Thailand than Japan were Cambodia ($7.62B), Laos ($4.12B), and Burma ($4.67B).

Comparative Advantage Japan - Thailand

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Depth

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

During 2018, Japan had a large net trade with Thailand in the exports of Machines ($12.6B), Metals ($7.31B), and Transportation ($3.51B).

During 2018, Thailand had a large net trade with Japan in the exports of Machines ($9.09B), Foodstuffs ($3.21B), and Plastics and Rubbers ($2.71B).

Tariff Section

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Tariffs

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This sections shows import tariffs for products traded between Japan and Thailand (using the HS6 product classification and the last year reported).

In 2018, the products from Japan that paid the highest import tariffs to enter Thailand were Glucose including syrup of 20%-50% dry weight fructos (43.3%) and Fructose, syrup > 50% fructose, not pure fructose (43.3%).

In 2015, the products from Thailand that paid the highest import tariffs to enter Japan were Milk powder < 1.5% fat (216%) and Raw silk (not thrown) (216%).

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*The tariffs present between Japan and Thailand are:
84: Association of Southeast Asian Nations (ASEAN ) Free Trade Area
130: Japan Generalized System of Preference
136: Most Favoured Nation duty rate treatement
309: Preferential tariff for Thailand

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between Japan and Thailand. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Service Trade

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Bilateral Service Trade

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Jpn Year

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.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

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

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Japan - Thailand

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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