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2022
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Exports $8.92BRnk 15 / 220
2022
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Top Product $981MIntegrated Circuits
2022
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Exports $7.01BRnk 13 / 218
2022
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Top Product $640MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
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2022
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 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
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2022
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GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
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GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

South Korea-Thailand In 2022, South Korea exported $8.92B to Thailand. The main products that South Korea exported to Thailand are Integrated Circuits ($981M), Coated Flat-Rolled Iron ($418M), and Cold-Rolled Iron ($352M). During the last 27 years the exports of South Korea to Thailand have increased at an annualized rate of 4.68%, from $2.6B in 1995 to $8.92B in 2022.

In 2005, South Korea exported services to Thailand worth $908M, with Services not allocated ($409M), Transportation ($342M), and Travel ($94.9M) being the largest in terms of value.

Thailand-South Korea In 2022, Thailand exported $7.01B to South Korea. The main products that Thailand exported to South Korea were Refined Petroleum ($640M), Integrated Circuits ($490M), and Rubber ($388M). During the last 27 years the exports of Thailand to South Korea have increased at an annualized rate of 7.59%, from $973M in 1995 to $7.01B in 2022.

In 2022, Thailand did not export any services to South Korea.

Comparison In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

March, 2024

About

Overview In March 2024, South Korea exported $605M and imported $600M from Thailand, resulting in a positive trade balance of $4.91M. Between March 2023 and March 2024 the exports of South Korea have decreased by $-112M (-15.7%) from $718M to $605M, while imports decreased by $-124M (-17.1%) from $724M to $600M.

Trade In March 2024, the top exports of South Korea to Thailand were Electrical machinery and electronics ($126M), Iron & steel ($125M), Mineral fuels, mineral oils and products... ($62.8M), Machinery, mechanical appliances, & parts ($51.9M), and Plastics & articles thereof ($50.7M). In March 2024 the top imports of South Korea from Thailand were Electrical machinery and electronics ($127M), Machinery, mechanical appliances, & parts ($66M), Rubber & articles thereof ($48.2M), Mineral fuels, mineral oils and products... ($36.9M), and Wood, wood articles, & charcoal ($20.9M).

Growth In March 2024, the decrease in South Korea's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Iron & steel ($-35.3M or -22%), Electrical machinery and electronics ($-27.5M or -17.9%), and Plastics & articles thereof ($-16.6M or -24.6%). In March 2024, the decrease in South Korea's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Wood, wood articles, & charcoal ($-8.87M or -29.8%), Plastics & articles thereof ($-8.14M or -28.6%), and Mineral fuels, mineral oils and products... ($-7.88M or -17.6%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)$-112M(-15.7%)
IMPORT GROWTH (March 2023 - March 2024)$-124M(-17.1%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Thailand and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $8.92B to Thailand. The main products exported from South Korea to Thailand were Integrated Circuits ($981M), Coated Flat-Rolled Iron ($418M), and Cold-Rolled Iron ($352M). During the last 27 years the exports of South Korea to Thailand have increased at an annualized rate of 4.68%, from $2.6B in 1995 to $8.92B in 2022.

In 2022, Thailand exported $7.01B to South Korea. The main products exported from Thailand to South Korea were Refined Petroleum ($640M), Integrated Circuits ($490M), and Rubber ($388M). During the last 27 years the exports of Thailand to South Korea have increased at an annualized rate of 7.59%, from $973M in 1995 to $7.01B in 2022.

Exports from South Korea (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Thailand
Top DestinationUnited States$53.4B

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

In 2021, countries that imported more from South Korea than Thailand were China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2021, countries that imported more from Thailand than South Korea were Cambodia ($8.63B), Laos ($4.5B), and Burma ($4.7B).

Difference in imports from Thailand (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Thailand

Flow
Scale

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

During 2022, South Korea had a large net trade with Thailand in the exports of Metals ($2.54B), Machines ($2.49B), and Plastics and Rubbers ($1.03B).

During 2022, Thailand had a large net trade with South Korea in the exports of Machines ($1.9B), Plastics and Rubbers ($1.03B), and Foodstuffs ($913M).

Service Trade

Bilateral Service Trade

In 2005, South Korea exported services to Thailand worth $908M, with Services not allocated ($409M), Transportation ($342M), and Travel ($94.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from South Korea (Flag) to Thailand (Flag) (2005)

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 South Korea has comparative advantage over Thailand. Similarly, the more yellow a dot/product is, the more Thailand has comparative advantage over South Korea.

Product Space of South Korea (Flag) and Thailand (Flag) (2022)

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