2022
Flag  
GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC 
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Thailand-Belarus Trade: In 2022, Thailand exported $4.15M to Belarus. The main products that Thailand exported to Belarus were Tulles and Net Fabric ($1.39M), Cellulose ($598k), and Light Rubberized Knitted Fabric ($432k). Over the past 5 years the exports of Thailand to Belarus have decreased at an annualized rate of 33.5%, from $32M in 2017 to $4.15M in 2022.

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

Belarus-Thailand Trade: In 2022, Belarus exported $66.6M to Thailand. The main products that Belarus exported to Thailand were Potassic Fertilizers ($56.4M), Whey and other milk products ($6.32M), and Sulfate Chemical Woodpulp ($894k). Over the past 5 years the exports of Belarus to Thailand have increased at an annualized rate of 4.89%,  from $52.4M in 2017 to $66.6M in 2022.

In 2014, Belarus exported services to Thailand worth $2.25M, with Computer and information services ($2.25M) and Government services, n.i.e. ($800) being the largest in terms of value.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $4.15M to Belarus. The main products exported from Thailand to Belarus were Tulles and Net Fabric ($1.39M), Cellulose ($598k), and Light Rubberized Knitted Fabric ($432k). During the last 5 years the exports of Thailand to Belarus have decreased at an annualized rate of 33.5%, from $32M in 2017 to $4.15M in 2022.

In 2017, Belarus exported $66.6M to Thailand. The main products exported from Belarus to Thailand were Potassic Fertilizers ($56.4M), Whey and other milk products ($6.32M), and Sulfate Chemical Woodpulp ($894k). During the last 5 years the exports of Belarus to Thailand have increased at an annualized rate of 4.89%, from $52.4M in 2022 to $66.6M in 2017.

Exports from Thailand (Flag) to Belarus (Flag) (2022)

Exports from Belarus (Flag) to Thailand (Flag) (2022)

Latest Data

Trade between Thailand (Flag) and Belarus (Flag)

Thailand Exports

Belarus Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Belarus
Top Destination
China$1.6B

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

In 2022, countries that imported more from Thailand than Belarus included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Belarus than Thailand included Ukraine ($1.29B), Lithuania ($778M), and Kazakhstan ($827M).

Difference in imports from Belarus (Flag) and Thailand (Flag) (2022)

Comparative Advantage Thailand - Belarus

Flow
Scale

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

During 2022, Thailand had a large net trade with Belarus in the exports of Textiles ($1.82M), Foodstuffs ($871k), and Plastics and Rubbers ($634k).

During 2017, Belarus had a large net trade with Thailand in the exports of Chemical Products ($56.5M), Animal Products ($6.32M), and Paper Goods ($1.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Belarus+$601kMedical Instruments
Top Product Potential Belarus Thailand+$930kSulfate Chemical Woodpulp

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.

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Economic Complexity

Competitive Landscape

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

Product Space of Thailand (Flag) and Belarus (Flag) (2022)

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