Thailand (THA) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Thailand-Brazil Trade: In 2022, Thailand exported $2.21B to Brazil. The main products that Thailand exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($381M), Rubber ($189M), and Engine Parts ($95.6M). Over the past 5 years the exports of Thailand to Brazil have increased at an annualized rate of 7.74%, from $1.53B in 2017 to $2.21B in 2022.

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

Brazil-Thailand Trade: In 2022, Brazil exported $3.58B to Thailand. The main products that Brazil exported to Thailand were Soybeans ($1.67B), Soybean Meal ($1.33B), and Hydrogen ($53.8M). Over the past 5 years the exports of Brazil to Thailand have increased at an annualized rate of 14.3%, from $1.84B in 2017 to $3.58B in 2022.

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

Comparison: In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $2.21B to Brazil. The main products exported from Thailand to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($381M), Rubber ($189M), and Engine Parts ($95.6M). During the last 5 years the exports of Thailand to Brazil have increased at an annualized rate of 7.74%, from $1.53B in 2017 to $2.21B in 2022.

In 2017, Brazil exported $3.58B to Thailand. The main products exported from Brazil to Thailand were Soybeans ($1.67B), Soybean Meal ($1.33B), and Hydrogen ($53.8M). During the last 5 years the exports of Brazil to Thailand have increased at an annualized rate of 14.3%, from $1.84B in 2022 to $3.58B in 2017.

Exports from Thailand () to Brazil () (2022)

Exports from Brazil () to Thailand () (2022)

Latest Data

Trade between Thailand () and Brazil ()

Thailand Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Brazil
Top DestinationChina$90.1B

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

In 2022, countries that imported more from Thailand than Brazil included Japan ($24.6B), United States ($53.4B), and Australia ($12.6B).

In 2022, countries that imported more from Brazil than Thailand included China ($90.1B), Argentina ($15.4B), and Spain ($9.78B).

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

Comparative Advantage Thailand - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Brazil in the exports of Machines ($782M), Transportation ($562M), and Plastics and Rubbers ($475M).

During 2017, Brazil had a large net trade with Thailand in the exports of Vegetable Products ($1.69B), Foodstuffs ($1.34B), and Chemical Products ($103M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Brazil+$98.8MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Brazil Thailand+$112MCrude Petroleum

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Brazil () (2022)

Exports from Brazil () to Thailand () (2022)

Latest Data

Trade between Thailand () and Brazil ()

Thailand Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Thailand - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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