Thailand (THA) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Thailand-Spain Trade: In 2022, Thailand exported $1.3B to Spain. The main products that Thailand exported to Spain were Air Conditioners ($164M), Rubber ($137M), and Rubber Tires ($72.3M). Over the past 5 years the exports of Thailand to Spain have increased at an annualized rate of 1.46%, from $1.21B in 2017 to $1.3B in 2022.

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

Spain-Thailand Trade: In 2022, Spain exported $703M to Thailand. The main products that Spain exported to Thailand were Acyclic Hydrocarbons ($41.3M), Packaged Medicaments ($35.2M), and Animal Meal and Pellets ($34.3M). Over the past 5 years the exports of Spain to Thailand have decreased at an annualized rate of 0.64%, from $726M in 2017 to $703M in 2022.

In 2006, Spain exported services to Thailand worth $94.8M, with Services not allocated ($94.8M) 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $1.3B to Spain. The main products exported from Thailand to Spain were Air Conditioners ($164M), Rubber ($137M), and Rubber Tires ($72.3M). During the last 5 years the exports of Thailand to Spain have increased at an annualized rate of 1.46%, from $1.21B in 2017 to $1.3B in 2022.

In 2017, Spain exported $703M to Thailand. The main products exported from Spain to Thailand were Acyclic Hydrocarbons ($41.3M), Packaged Medicaments ($35.2M), and Animal Meal and Pellets ($34.3M). During the last 5 years the exports of Spain to Thailand have decreased at an annualized rate of 0.64%, from $726M in 2022 to $703M in 2017.

Exports from Thailand () to Spain () (2022)

Exports from Spain () to Thailand () (2022)

Latest Data

Trade between Thailand () and Spain ()

Thailand Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Spain
Top DestinationFrance$65.2B

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

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

In 2022, countries that imported more from Spain than Thailand included France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

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

Comparative Advantage Thailand - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Spain in the exports of Machines ($380M), Plastics and Rubbers ($313M), and Transportation ($124M).

During 2017, Spain had a large net trade with Thailand in the exports of Chemical Products ($204M), Machines ($118M), and Metals ($67.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Spain+$91.4MComputers

Top Product Potential Spain Thailand+$32.8MMotor vehicles; parts and accessories (8701 to 8705)

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 Spain. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Thailand.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Spain () (2022)

Exports from Spain () to Thailand () (2022)

Latest Data

Trade between Thailand () and Spain ()

Thailand Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Thailand - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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