Russia (RUS) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Thailand (THA) Trade

2022

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Exports $1.17BRnk 48 / 138

2022

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Top Product $242MMixed Mineral or Chemical Fertilizers

2022

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Exports $581MRnk 46 / 218

2022

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About

Russia-Thailand In 2022, Russia exported $1.17B to Thailand. The main products that Russia exported to Thailand are Mixed Mineral or Chemical Fertilizers ($242M), Crude Petroleum ($241M), and Gold ($194M). During the last 27 years the exports of Russia to Thailand have increased at an annualized rate of 0.16%, from $1.12B in 1995 to $1.17B in 2022.

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 In 2022, Thailand exported $581M to Russia. The main products that Thailand exported to Russia were Rubber Tires ($50.2M), Ethylene Polymers ($42.1M), and Cars ($38.9M). During the last 27 years the exports of Thailand to Russia have increased at an annualized rate of 1.39%, from $400M in 1995 to $581M in 2022.

In 2022, Thailand did not export any services to Russia.

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.88), and 27 in total exports ($312B).

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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $1.17B to Thailand. The main products exported from Russia to Thailand were Mixed Mineral or Chemical Fertilizers ($242M), Crude Petroleum ($241M), and Gold ($194M). During the last 27 years the exports of Russia to Thailand have increased at an annualized rate of 0.16%, from $1.12B in 1995 to $1.17B in 2022.

In 2022, Thailand exported $581M to Russia. The main products exported from Thailand to Russia were Rubber Tires ($50.2M), Ethylene Polymers ($42.1M), and Cars ($38.9M). During the last 27 years the exports of Thailand to Russia have increased at an annualized rate of 1.39%, from $400M in 1995 to $581M in 2022.

Exports from Russia () to Thailand () (2022)

Exports from Thailand () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Thailand
Top DestinationUnited States$53.4B

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 2021, countries that imported more from Russia than Thailand were China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2021, countries that imported more from Thailand than Russia were United States ($53.4B), Australia ($12.6B), and Vietnam ($13.4B).

Difference in imports from Thailand () and Russia () (2022)

Comparative Advantage Russia - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Thailand in the exports of Mineral Products ($316M), Chemical Products ($260M), and Metals ($231M).

During 2022, Thailand had a large net trade with Russia in the exports of Plastics and Rubbers ($149M), Foodstuffs ($113M), and Machines ($83M).

Service Trade

Bilateral Service Trade

Rus Year

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.

Service trade data is presented based on availability.

Services Exports from Russia () to Thailand () (2020)

Economic Complexity

Competitive Landscape

Year

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

Product Space of Russia () and Thailand () (2022)

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