2021
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GDP
$5.01TCURRENT US$
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2011-2021
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GDP GROWTH
-19.7%CURRENT US$
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2021
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 GDP
$506BCURRENT US$
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2011-2021
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GDP GROWTH
36.3%CURRENT US$
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2021
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GDP PC 
$39,827CURRENT US$
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2011-2021
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GDP PC GROWTH
-18.3%CURRENT US$
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2021
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GDP PC
$7,061CURRENT US$
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2011-2021
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GDP PC GROWTH
30.8%CURRENT US$
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About

Japan-Thailand In 2021, Japan exported $31.2B to Thailand. The main products that Japan exported to Thailand are Motor vehicles; parts and accessories (8701 to 8705) ($2.49B), Hot-Rolled Iron ($1.57B), and Integrated Circuits ($1.3B). During the last 26 years the exports of Japan to Thailand have increased at an annualized rate of 1.65%, from $20.4B in 1995 to $31.2B in 2021.

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 2021, Thailand exported $25.1B to Japan. The main products that Thailand exported to Japan were Other Prepared Meat ($1.48B), Cars ($1.01B), and Motor vehicles; parts and accessories (8701 to 8705) ($788M). During the last 26 years the exports of Thailand to Japan have increased at an annualized rate of 3.56%, from $10.1B in 1995 to $25.1B in 2021.

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 2021,  Japan ranked 1 in the Economic Complexity Index (ECI 2.06), and 4 in total exports ($731B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.97), and 25 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Japan exported $31.2B to Thailand. The main products exported from Japan to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($2.49B), Hot-Rolled Iron ($1.57B), and Integrated Circuits ($1.3B). During the last 26 years the exports of Japan to Thailand have increased at an annualized rate of 1.65%, from $20.4B in 1995 to $31.2B in 2021.

In 2021, Thailand exported $25.1B to Japan. The main products exported from Thailand to Japan were Other Prepared Meat ($1.48B), Cars ($1.01B), and Motor vehicles; parts and accessories (8701 to 8705) ($788M). During the last 26 years the exports of Thailand to Japan have increased at an annualized rate of 3.56%, from $10.1B in 1995 to $25.1B in 2021.

Exports from Japan (Flag) to Thailand (Flag) (2021)

Exports from Thailand (Flag) to Japan (Flag) (2021)

Market Competitiveness

Color
Japan
Top Destination
China$153B
Thailand
Top Destination
United States$45.3B

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 2021, countries that imported more from Japan than Thailand were China ($153B), United States ($128B), and Chinese Taipei ($52.5B).

In 2021, countries that imported more from Thailand than Japan were Cambodia ($6.69B), Burma ($4.34B), and Laos ($4B).

Difference in imports from Thailand (Flag) and Japan (Flag) (2021)

Comparative Advantage Japan - Thailand

Flow
Scale

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

During 2021, Japan had a large net trade with Thailand in the exports of Machines ($11.5B), Metals ($8.37B), and Transportation ($3.21B).

During 2021, Thailand had a large net trade with Japan in the exports of Machines ($8.8B), Foodstuffs ($3.04B), and Plastics and Rubbers ($2.54B).

Service Trade

Bilateral Service Trade

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.

Services Exports from Japan (Flag) to Thailand (Flag) (2009)

Services Exports from Thailand (Flag) to Japan (Flag) (2020)

Economic Complexity

Competitive Landscape

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.

Product Space of Japan (Flag) and Thailand (Flag) (2021)

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