2023
Flag  
GDP
$515BCURRENT US$
Rnk 26 / 195
2013-2023
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GDP GROWTH
22.5%CURRENT US$
Rnk 133 / 195
2023
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 GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
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GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
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GDP PC 
$7,182CURRENT US$
Rnk 102 / 195
2013-2023
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GDP PC GROWTH
19.3%CURRENT US$
Rnk 103 / 195
2023
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GDP PC
$30,133CURRENT US$
Rnk 47 / 196
2013-2023
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GDP PC GROWTH
56%CURRENT US$
Rnk 35 / 195

About

Thailand-Estonia Trade: In 2023, Thailand exported $68.6M to Estonia. The main products that Thailand exported to Estonia were Integrated Circuits ($8.91M), Planes, Helicopters, and/or Spacecraft ($5.05M), and Air Conditioners ($5.04M). Over the past 5 years the exports of Thailand to Estonia have decreased at an annualized rate of 2.79%, from $79.1M in 2018 to $68.6M in 2023.

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

Estonia-Thailand Trade: In 2023, Estonia exported $38.2M to Thailand. The main products that Estonia exported to Thailand were Gas Turbines ($13.3M), Broadcasting Equipment ($6.51M), and Motor vehicles; parts and accessories (8701 to 8705) ($3.35M). Over the past 5 years the exports of Estonia to Thailand have increased at an annualized rate of 0.76%,  from $36.8M in 2018 to $38.2M in 2023.

In 2020, Estonia exported services to Thailand worth $2.51M, with Transportation ($1.48M), Travel ($571k), and Computer and information services ($343k) 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, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $68.6M to Estonia. The main products exported from Thailand to Estonia were Integrated Circuits ($8.91M), Planes, Helicopters, and/or Spacecraft ($5.05M), and Air Conditioners ($5.04M). During the last 5 years the exports of Thailand to Estonia have decreased at an annualized rate of 2.79%, from $79.1M in 2018 to $68.6M in 2023.

In 2018, Estonia exported $38.2M to Thailand. The main products exported from Estonia to Thailand were Gas Turbines ($13.3M), Broadcasting Equipment ($6.51M), and Motor vehicles; parts and accessories (8701 to 8705) ($3.35M). During the last 5 years the exports of Estonia to Thailand have increased at an annualized rate of 0.76%, from $36.8M in 2023 to $38.2M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Estonia (Flag)

Thailand Exports

Estonia Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$58.5B
Estonia
Top Destination
Finland$2.71B

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

In 2023, countries that imported more from Thailand than Estonia included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Estonia than Thailand included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

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

Comparative Advantage Thailand - Estonia

Flow
Scale

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

During 2023, Thailand had a large net trade with Estonia in the exports of Machines ($27.6M), Transportation ($10.5M), and Plastics and Rubbers ($5.92M).

During 2018, Estonia had a large net trade with Thailand in the exports of Machines ($27.4M), Transportation ($3.56M), and Metals ($1.74M).

Bilateral Service Trade

In 2020, Estonia exported services to Thailand worth $2.51M, with Transportation ($1.48M), Travel ($571k), and Computer and information services ($343k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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