2023
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GDP
$515BCURRENT US$
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2013-2023
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GDP GROWTH
22.5%CURRENT US$
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2023
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 GDP
$243BCURRENT US$
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2013-2023
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GDP GROWTH
2.93%CURRENT US$
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2023
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GDP PC 
$7,182CURRENT US$
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2013-2023
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GDP PC GROWTH
19.3%CURRENT US$
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2023
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GDP PC
$23,401CURRENT US$
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2013-2023
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GDP PC GROWTH
8.47%CURRENT US$
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About

Thailand-Greece Trade: In 2023, Thailand exported $154M to Greece. The main products that Thailand exported to Greece were Air Conditioners ($20.1M), Rubber Tires ($16.5M), and Delivery Trucks ($10.1M). Over the past 5 years the exports of Thailand to Greece have increased at an annualized rate of 1.74%, from $141M in 2018 to $154M in 2023.

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

Greece-Thailand Trade: In 2023, Greece exported $105M to Thailand. The main products that Greece exported to Thailand were Gas Turbines ($28.1M), Integrated Circuits ($15.2M), and Packaged Medicaments ($14.6M). Over the past 5 years the exports of Greece to Thailand have increased at an annualized rate of 11.4%,  from $61.1M in 2018 to $105M in 2023.

In 2020, Greece exported services to Thailand worth $66M, with Transportation ($63.6M), Insurance services ($685k), and Government services, n.i.e. ($571k) 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $154M to Greece. The main products exported from Thailand to Greece were Air Conditioners ($20.1M), Rubber Tires ($16.5M), and Delivery Trucks ($10.1M). During the last 5 years the exports of Thailand to Greece have increased at an annualized rate of 1.74%, from $141M in 2018 to $154M in 2023.

In 2018, Greece exported $105M to Thailand. The main products exported from Greece to Thailand were Gas Turbines ($28.1M), Integrated Circuits ($15.2M), and Packaged Medicaments ($14.6M). During the last 5 years the exports of Greece to Thailand have increased at an annualized rate of 11.4%, from $61.1M in 2023 to $105M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Greece (Flag)

Thailand Exports

Greece Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$58.5B
Greece
Top Destination
Italy$6.21B

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

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

In 2023, countries that imported more from Greece than Thailand included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

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

Comparative Advantage Thailand - Greece

Flow
Scale

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

During 2023, Thailand had a large net trade with Greece in the exports of Plastics and Rubbers ($41.5M), Machines ($39M), and Transportation ($23M).

During 2018, Greece had a large net trade with Thailand in the exports of Machines ($44.7M), Chemical Products ($17.8M), and Metals ($15M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Greece+$11.7MAir Conditioners
Top Product Potential Greece Thailand+$8.83MPackaged 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, Greece exported services to Thailand worth $66M, with Transportation ($63.6M), Insurance services ($685k), and Government services, n.i.e. ($571k) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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