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2023
Flag → Flag
Exports $3.41BRnk 24 / 216
2023
Flag → Flag
Top Product $232MOffice Machine Parts
2023
Flag → Flag
Exports $942MRnk 30 / 215
2023
Flag → Flag
Top Product $116MWheat
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Thailand-Canada Trade: In 2023, Thailand exported $3.41B to Canada. The main products that Thailand exported to Canada were Office Machine Parts ($232M), Broadcasting Equipment ($188M), and Jewellery ($158M). Over the past 5 years the exports of Thailand to Canada have increased at an annualized rate of 4.37%, from $2.75B in 2018 to $3.41B in 2023.

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

Canada-Thailand Trade: In 2023, Canada exported $942M to Thailand. The main products that Canada exported to Thailand were Wheat ($116M), Potassic Fertilizers ($102M), and Integrated Circuits ($81.6M). Over the past 5 years the exports of Canada to Thailand have increased at an annualized rate of 0.7%,  from $909M in 2018 to $942M in 2023.

In 2020, Canada exported services to Thailand worth $75.3M, with Travel ($24.6M), Financial services ($18.6M), and Transportation ($16.4M) being the largest in terms of value.

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $3.41B to Canada. The main products exported from Thailand to Canada were Office Machine Parts ($232M), Broadcasting Equipment ($188M), and Jewellery ($158M). During the last 5 years the exports of Thailand to Canada have increased at an annualized rate of 4.37%, from $2.75B in 2018 to $3.41B in 2023.

In 2018, Canada exported $942M to Thailand. The main products exported from Canada to Thailand were Wheat ($116M), Potassic Fertilizers ($102M), and Integrated Circuits ($81.6M). During the last 5 years the exports of Canada to Thailand have increased at an annualized rate of 0.7%, from $909M in 2023 to $942M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Canada (Flag)

Thailand Exports

Canada Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Thailand than Canada included China ($44.1B), Malaysia ($12.5B), and Japan ($24.9B).

In 2023, countries that imported more from Canada than Thailand included United States ($410B), United Kingdom ($18B), and Switzerland ($6.71B).

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

Comparative Advantage Thailand - Canada

Flow
Scale

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

During 2023, Thailand had a large net trade with Canada in the exports of Machines ($1.57B), Foodstuffs ($410M), and Plastics and Rubbers ($235M).

During 2018, Canada had a large net trade with Thailand in the exports of Machines ($226M), Vegetable Products ($172M), and Chemical Products ($153M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Canada+$169MComputers
Top Product Potential Canada Thailand+$20.9MTelephones

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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Bilateral Service Trade

In 2020, Canada exported services to Thailand worth $75.3M, with Travel ($24.6M), Financial services ($18.6M), and Transportation ($16.4M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to Thailand (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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