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2022
Flag → Flag
Exports $4.7BRnk 18 / 218
2022
Flag → Flag
Top Product $712MOther Prepared Meat
2022
Flag → Flag
Exports $2.06BRnk 32 / 224
2022
Flag → Flag
Top Product $310MGold
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Thailand-United Kingdom Trade: In 2022, Thailand exported $4.7B to United Kingdom. The main products that Thailand exported to United Kingdom were Other Prepared Meat ($712M), Jewellery ($337M), and Motorcycles and cycles ($243M). Over the past 5 years the exports of Thailand to United Kingdom have increased at an annualized rate of 2.61%, from $4.13B in 2017 to $4.7B in 2022.

In 2020, Thailand exported services to United Kingdom worth $2.14B, with Other business services ($1.25B), Travel ($589M), and Transportation ($118M) being the largest in terms of value.

United Kingdom-Thailand Trade: In 2022, United Kingdom exported $2.06B to Thailand. The main products that United Kingdom exported to Thailand were Gold ($310M), Integrated Circuits ($280M), and Combustion Engines ($155M). Over the past 5 years the exports of United Kingdom to Thailand have increased at an annualized rate of 1.85%,  from $1.88B in 2017 to $2.06B in 2022.

In 2019, United Kingdom exported services to Thailand worth $946M, with Travel ($370M), Other business services ($233M), and Royalties and license fees ($173M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $4.7B to United Kingdom. The main products exported from Thailand to United Kingdom were Other Prepared Meat ($712M), Jewellery ($337M), and Motorcycles and cycles ($243M). During the last 5 years the exports of Thailand to United Kingdom have increased at an annualized rate of 2.61%, from $4.13B in 2017 to $4.7B in 2022.

In 2017, United Kingdom exported $2.06B to Thailand. The main products exported from United Kingdom to Thailand were Gold ($310M), Integrated Circuits ($280M), and Combustion Engines ($155M). During the last 5 years the exports of United Kingdom to Thailand have increased at an annualized rate of 1.85%, from $1.88B in 2022 to $2.06B in 2017.

Exports from Thailand (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Thailand (Flag) (2022)

Latest Data

Trade between Thailand (Flag) and United Kingdom (Flag)

Thailand Exports

United Kingdom Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Thailand than United Kingdom included Japan ($24.6B), Vietnam ($13.4B), and Malaysia ($12.7B).

In 2022, countries that imported more from United Kingdom than Thailand included Netherlands ($41.9B), Germany ($40.6B), and Ireland ($32.6B).

Difference in imports from United Kingdom (Flag) and Thailand (Flag) (2022)

Comparative Advantage Thailand - United Kingdom

Flow
Scale

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

During 2022, Thailand had a large net trade with United Kingdom in the exports of Machines ($1.35B), Foodstuffs ($986M), and Transportation ($633M).

During 2017, United Kingdom had a large net trade with Thailand in the exports of Machines ($738M), Precious Metals ($350M), and Chemical Products ($189M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand United Kingdom+$192MComputers
Top Product Potential United Kingdom Thailand+$130MGold

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, Thailand exported services to United Kingdom worth $2.14B, with Other business services ($1.25B), Travel ($589M), and Transportation ($118M) being the largest in terms of value.

In 2019, United Kingdom exported services to Thailand worth $946M, with Travel ($370M), Other business services ($233M), and Royalties and license fees ($173M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Thailand (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Thailand (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Thailand (Flag) and United Kingdom (Flag) (2022)

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