Flag Saudi Arabia / Thailand Flag

Exports Flag β†’ Flag  (2018): $6.57B, Rnk 11 / 180

Top Product Flag β†’ Flag (2018): $4.94B, Crude Petroleum

Exports Flag β†’ Flag (2018): $1.79B, Rnk 28 / 217

Top Product Flag β†’ Flag (2018): $383M, Cars

Economic Complexity of Flag (2018): ECI 0.93, Rnk 27 / 137

Economic Complexity of Flag (2018): ECI 0.93, Rnk 28 / 137

Saudi Arabia-Thailand: In 2018, Saudi Arabia exported $6.57B to Thailand. The main products exported from Saudi Arabia to Thailand were Crude Petroleum ($4.94B), Refined Petroleum ($693M), and Nitrogenous Fertilizers ($264M). During the last 23 years the exports of Saudi Arabia to Thailand have increased at an annualized rate of 11.5%, from $535M in 1995 to $6.57B in 2018.

Thailand-Saudi Arabia: In 2018, Thailand exported $1.79B to Saudi Arabia. The main products exported from Thailand to Saudi Arabia were Cars ($383M), Wood Fiberboard ($200M), and Delivery Trucks ($199M). During the last 23 years the exports of Thailand to Saudi Arabia have increased at an annualized rate of 5.84%, from $485M in 1995 to $1.79B in 2018.

Comparison: In 2018, Saudi Arabia ranked 27 in the Economic Complexity Index (ECI 0.93), and 21 in total exports ($263B). That same year, Thailand ranked 28 in the Economic Complexity Index (ECI 0.93), and 22 in total exports ($262B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Saudi Arabia exported $6.57B to Thailand. The main products exported from Saudi Arabia to Thailand were Crude Petroleum ($4.94B), Refined Petroleum ($693M), and Nitrogenous Fertilizers ($264M). During the last 23 years the exports of Saudi Arabia to Thailand have increased at an annualized rate of 11.5%, from $535M in 1995 to $6.57B in 2018.

In 2018, Thailand exported $1.79B to Saudi Arabia. The main products exported from Thailand to Saudi Arabia were Cars ($383M), Wood Fiberboard ($200M), and Delivery Trucks ($199M). During the last 23 years the exports of Thailand to Saudi Arabia have increased at an annualized rate of 5.84%, from $485M in 1995 to $1.79B in 2018.

Market Competitiveness

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Measure

Saudi Arabia
Top Destination
: China, $37.5B

Thailand
Top Destination
: China, $31B

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

In 2018, countries that imported more from Saudi Arabia than Thailand were India ($26.3B), South Korea ($23.5B), and China ($37.5B).

In 2018, countries that imported more from Thailand than Saudi Arabia were Vietnam ($13B), Hong Kong ($12.5B), and Australia ($11.1B).

Comparative Advantage Saudi Arabia - Thailand

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Depth

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

During 2018, Saudi Arabia had a large net trade with Thailand in the exports of Mineral Products ($5.68B), Chemical Products ($572M), and Plastics and Rubbers ($180M).

During 2018, Thailand had a large net trade with Saudi Arabia in the exports of Transportation ($630M), Machines ($319M), and Wood Products ($204M).

Tariff Section

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

In 2017, the products from Saudi Arabia that paid the highest import tariffs to enter Thailand were Tobacco refuse (1.37k%) and Homogenized or reconstituted tobacco (585%).

In 2015, the products from Thailand that paid the highest import tariffs to enter Saudi Arabia were Undenatured ethyl alcohol > 80% by volume (321%) and Milk powder < 1.5% fat (216%).

Explore Tariff Data

*The tariffs present between Saudi Arabia and Thailand are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Saudi Arabia 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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Economic Complexity

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Competitive Landscape

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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 Saudi Arabia has comparative advantage over Thailand. Similarly, the more red a dot/product is, the more Thailand has comparative advantage over Saudi Arabia.