Flag Thailand / Japan Flag

Exports Flag β†’ Flag  (2018): $24.9B, Rnk 3 / 217

Top Product Flag β†’ Flag (2018): $1.55B, Other Prepared Meat

Exports Flag β†’ Flag (2018): $31.6B, Rnk 5 / 207

Top Product Flag β†’ Flag (2018): $2.78B, Vehicle Parts

Economic Complexity of Flag (2018): ECI 0.93, Rnk 28 / 137

Economic Complexity of Flag (2018): ECI 2.17, Rnk 1 / 137

GDP Flag (2018): $505B, CURRENT US$
Rnk 25 / 196

GDP GROWTH Flag (2008-2018): 73.3%, CURRENT US$
Rnk 51 / 196

GDP Flag (2018): $4.97T, CURRENT US$
Rnk 3 / 196

GDP GROWTH Flag (2008-2018): -1.32%, CURRENT US$
Rnk 169 / 196

GDP PC Flag (2018): $7,274, CURRENT US$
Rnk 91 / 196

GDP PC GROWTH Flag (2008-2018): 66.1%, CURRENT US$
Rnk 31 / 196

GDP PC Flag (2018): $39,290, CURRENT US$
Rnk 27 / 196

GDP PC GROWTH Flag (2008-2018): -0.13%, CURRENT US$
Rnk 146 / 196

Thailand-Japan: In 2018, Thailand exported $24.9B to Japan. The main products exported from Thailand to Japan were Other Prepared Meat ($1.55B), Broadcasting Equipment ($1.09B), and Vehicle Parts ($938M). During the last 23 years the exports of Thailand to Japan have increased at an annualized rate of 4.16%, from $9.76B in 1995 to $24.9B in 2018.

Japan-Thailand: In 2018, Japan exported $31.6B to Thailand. The main products exported from Japan to Thailand were Vehicle Parts ($2.78B), Integrated Circuits ($1.32B), and Hot-Rolled Iron ($1.3B). During the last 23 years the exports of Japan to Thailand have increased at an annualized rate of 1.97%, from $20.1B in 1995 to $31.6B in 2018. In 2009, Japan exported services to Thailand worth $5.32B, with Services not allocated ($2.66B), Royalties and license fees ($1.5B), and Transportation ($820M) being the largest in terms of value.

Comparison: In 2018, Thailand ranked 28 in the Economic Complexity Index (ECI 0.93), and 22 in total exports ($262B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.17), and 4 in total exports ($713B). In terms of GDP Per Capita, Thailand was ranked 91 with a GDP Per Capita of $7,274, and Japan was ranked 27 with a GDP Per Capita of $39,290.

Bilateral Trade by Products

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Depth
Value

In 2018, Thailand exported $24.9B to Japan. The main products exported from Thailand to Japan were Other Prepared Meat ($1.55B), Broadcasting Equipment ($1.09B), and Vehicle Parts ($938M). During the last 23 years the exports of Thailand to Japan have increased at an annualized rate of 4.16%, from $9.76B in 1995 to $24.9B in 2018.

In 2018, Japan exported $31.6B to Thailand. The main products exported from Japan to Thailand were Vehicle Parts ($2.78B), Integrated Circuits ($1.32B), and Hot-Rolled Iron ($1.3B). During the last 23 years the exports of Japan to Thailand have increased at an annualized rate of 1.97%, from $20.1B in 1995 to $31.6B in 2018.

Market Competitiveness

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Measure

Thailand
Top Destination
: China, $31B

Japan
Top Destination
: China, $139B

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

In 2018, countries that imported more from Thailand than Japan were Cambodia ($7.62B), Laos ($4.12B), and Burma ($4.67B).

In 2018, countries that imported more from Japan than Thailand were China ($139B), United States ($135B), and South Korea ($51.5B).

Comparative Advantage Thailand - Japan

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Depth

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

During 2018, Thailand had a large net trade with Japan in the exports of Machines ($9.09B), Foodstuffs ($3.21B), and Plastics and Rubbers ($2.71B).

During 2018, Japan had a large net trade with Thailand in the exports of Machines ($12.6B), Metals ($7.31B), and Transportation ($3.51B).

Tariff Section

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This sections shows import tariffs for products traded between Thailand and Japan (using the HS6 product classification and the last year reported).

In 2015, the products from Thailand that paid the highest import tariffs to enter Japan were Milk powder < 1.5% fat (216%) and Raw silk (not thrown) (216%).

In 2018, the products from Japan that paid the highest import tariffs to enter Thailand were Glucose including syrup of 20%-50% dry weight fructos (43.3%) and Fructose, syrup > 50% fructose, not pure fructose (43.3%).

Explore Tariff Data

*The tariffs present between Thailand and Japan are:
52: ASEAN Japan Free Trade Area (ASEAN) Association of Southeast Asian Nations
136: Most Favoured Nation duty rate treatement
246: Preferential tariff for Japan

Trade Forecasts

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This section shows a forecast for total trade between Thailand and Japan. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2009, Japan exported services to Thailand worth $5.32B, with Services not allocated ($2.66B), Royalties and license fees ($1.5B), and Transportation ($820M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Thailand has comparative advantage over Japan. Similarly, the more red a dot/product is, the more Japan has comparative advantage over Thailand.