NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $687MRnk 43 / 137
2023
Flag → Flag
Top Product $191MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $821MRnk 41 / 216
2023
Flag → Flag
Top Product $101MRubber Tires
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Russia-Thailand Trade: In 2023, Russia exported $687M to Thailand. The main products that Russia exported to Thailand were Mixed Mineral or Chemical Fertilizers ($191M), Semi-Finished Iron ($101M), and Raw Aluminium ($84.1M). Over the past 5 years the exports of Russia to Thailand have decreased at an annualized rate of 17%, from $1.75B in 2018 to $687M in 2023.

In 2020, Russia exported services to Thailand worth $36.2M, with Transportation ($18.4M), Travel ($6.26M), and Other business services ($5.8M) being the largest in terms of value.

Thailand-Russia Trade: In 2023, Thailand exported $821M to Russia. The main products that Thailand exported to Russia were Rubber Tires ($101M), Aircraft parts (gliders, balloons, and powered aircraft) ($82.2M), and Gas Turbines ($45.8M). Over the past 5 years the exports of Thailand to Russia have decreased at an annualized rate of 15%,  from $1.85B in 2018 to $821M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $55.8M and imported $183M from Thailand, resulting in a negative trade balance of $127M. Between January 2021 and January 2022 the exports of Russia have increased by $29.4M (111%) from $26.4M to $55.8M, while imports increased by $66.6M (57.3%) from $116M to $183M.

Trade In January 2022, the top exports of Russia to Thailand were Mixed Mineral or Chemical Fertilizers ($6.64M), Semi-Finished Iron ($4.34M), Raw Aluminium ($2.34M), Coal Briquettes ($2.11M), and Steel Ingots ($1.57M). In January 2022 the top imports of Russia from Thailand were Computers ($16.3M), Delivery Trucks ($12.3M), Large Construction Vehicles ($8.32M), Cars ($6.49M), and Motor vehicles; parts and accessories (8701... ($6.01M).

Origins In January 2022 the exports of Russia were mainly from VOLOGDA REGION ($32.9M), IRKUTSK REGION ($10M), KEMEROVO REGION ($4.51M), REPUBLIC OF KHAKASSIA ($2.68M), and MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($686k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($79.7M), MOSCOW REGION ($33.5M), ST. PETERSBURG ($15.4M), KALUGA REGION ($14.3M), and REPUBLIC OF TATARSTAN ($6.94M).

Growth In January 2022, the increase in Russia's year-by-year exports to Thailand was explained primarily by an increase in product exports in Coal Briquettes ($832k or 65.2%), Synthetic Rubber ($618k or 76.5%), and Raw Aluminium ($458k or 24.3%). In January 2022, the increase in Russia's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Delivery Trucks ($7.75M or 172%), Cars ($5.19M or 397%), and Large Construction Vehicles ($4.48M or 117%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$29.4M(111%)
IMPORT GROWTH (January 2021 - January 2022)$66.6M(57.3%)
MAIN EXPORTER (January 2022)VOLOGDA REGION$32.9M

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

To check Thailand and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Russia Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $687M to Thailand. The main products exported from Russia to Thailand were Mixed Mineral or Chemical Fertilizers ($191M), Semi-Finished Iron ($101M), and Raw Aluminium ($84.1M). During the last 5 years the exports of Russia to Thailand have decreased at an annualized rate of 17%, from $1.75B in 2018 to $687M in 2023.

In 2018, Thailand exported $821M to Russia. The main products exported from Thailand to Russia were Rubber Tires ($101M), Aircraft parts (gliders, balloons, and powered aircraft) ($82.2M), and Gas Turbines ($45.8M). During the last 5 years the exports of Thailand to Russia have decreased at an annualized rate of 15%, from $1.85B in 2023 to $821M in 2018.

Exports from Russia (Flag) to Thailand (Flag) (2023)

Exports from Thailand (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Russia than Thailand included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Thailand than Russia included United States ($58.5B), Japan ($24.9B), and Australia ($13.5B).

Difference in imports from Thailand (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Thailand

Flow
Scale

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

During 2023, Russia had a large net trade with Thailand in the exports of Chemical Products ($248M), Metals ($219M), and Mineral Products ($59M).

During 2018, Thailand had a large net trade with Russia in the exports of Machines ($222M), Plastics and Rubbers ($168M), and Foodstuffs ($110M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Thailand+$381MCrude Petroleum
Top Product Potential Thailand Russia+$61.8MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Russia (Flag) and Thailand (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms