2022
Flag  
GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
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 GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
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GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
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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
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186

About

Thailand-Denmark Trade: In 2022, Thailand exported $448M to Denmark. The main products that Thailand exported to Denmark were Jewellery ($53.1M), Electrical Control Boards ($37.3M), and Printed Circuit Boards ($24.6M). Over the past 5 years the exports of Thailand to Denmark have increased at an annualized rate of 0.98%, from $427M in 2017 to $448M in 2022.

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

Denmark-Thailand Trade: In 2022, Denmark exported $433M to Thailand. The main products that Denmark exported to Thailand were Raw Furskins ($60.6M), Packaged Medicaments ($59.1M), and Enzymes ($16.3M). Over the past 5 years the exports of Denmark to Thailand have increased at an annualized rate of 3.47%,  from $365M in 2017 to $433M in 2022.

In 2020, Denmark exported services to Thailand worth $250M, with Transportation ($186M), Computer and information services ($17.7M), and Other business services ($12.6M) 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $448M to Denmark. The main products exported from Thailand to Denmark were Jewellery ($53.1M), Electrical Control Boards ($37.3M), and Printed Circuit Boards ($24.6M). During the last 5 years the exports of Thailand to Denmark have increased at an annualized rate of 0.98%, from $427M in 2017 to $448M in 2022.

In 2017, Denmark exported $433M to Thailand. The main products exported from Denmark to Thailand were Raw Furskins ($60.6M), Packaged Medicaments ($59.1M), and Enzymes ($16.3M). During the last 5 years the exports of Denmark to Thailand have increased at an annualized rate of 3.47%, from $365M in 2022 to $433M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Denmark (Flag)

Thailand Exports

Denmark Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Denmark
Top Destination
Germany$18.9B

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

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

In 2022, countries that imported more from Denmark than Thailand included Germany ($18.9B), Sweden ($11.6B), and Norway ($6.53B).

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

Comparative Advantage Thailand - Denmark

Flow
Scale

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

During 2022, Thailand had a large net trade with Denmark in the exports of Machines ($157M), Precious Metals ($56.2M), and Foodstuffs ($37.5M).

During 2017, Denmark had a large net trade with Thailand in the exports of Chemical Products ($117M), Machines ($102M), and Animal Hides ($61.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Denmark+$21.6MTelephones
Top Product Potential Denmark Thailand+$28.4MPackaged Medicaments

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, Denmark exported services to Thailand worth $250M, with Transportation ($186M), Computer and information services ($17.7M), and Other business services ($12.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Denmark (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 Denmark. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Thailand.

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

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