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2023
Flag → Flag
Exports $45.9MRnk 116 / 216
2023
Flag → Flag
Top Product $6.78MUnprocessed Synthetic Staple Fibers
2023
Flag → Flag
Exports $1.38MRnk 29 / 111
2023
Flag → Flag
Top Product $214kPaper Containers
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC$1,378CURRENT US$
Rnk 169 / 196
2013-2023
Flag
GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195

About

Thailand-Nepal Trade: In 2023, Thailand exported $45.9M to Nepal. The main products that Thailand exported to Nepal were Unprocessed Synthetic Staple Fibers ($6.78M), Animal Food ($3.48M), and Uncoated Paper ($3.45M). Over the past 5 years the exports of Thailand to Nepal have decreased at an annualized rate of 18.5%, from $127M in 2018 to $45.9M in 2023.

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

Nepal-Thailand Trade: In 2023, Nepal exported $1.38M to Thailand. The main products that Nepal exported to Thailand were Paper Containers ($214k), Wheat Flours ($190k), and Revenue Stamps ($150k). Over the past 5 years the exports of Nepal to Thailand have increased at an annualized rate of 8.06%,  from $686k in 2018 to $1.38M in 2023.

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

Comparison In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96),  and 25 in total exports ($332B). That same year, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $45.9M to Nepal. The main products exported from Thailand to Nepal were Unprocessed Synthetic Staple Fibers ($6.78M), Animal Food ($3.48M), and Uncoated Paper ($3.45M). During the last 5 years the exports of Thailand to Nepal have decreased at an annualized rate of 18.5%, from $127M in 2018 to $45.9M in 2023.

In 2018, Nepal exported $1.38M to Thailand. The main products exported from Nepal to Thailand were Paper Containers ($214k), Wheat Flours ($190k), and Revenue Stamps ($150k). During the last 5 years the exports of Nepal to Thailand have increased at an annualized rate of 8.06%, from $686k in 2023 to $1.38M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Nepal (Flag)

Thailand Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Nepal
Top DestinationIndia$811M

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

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

In 2023, no countries were registered that imported more from Nepal than from Thailand.

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

Comparative Advantage Thailand - Nepal

Flow
Scale

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

During 2023, Thailand had a large net trade with Nepal in the exports of Textiles ($9.23M), Foodstuffs ($7.38M), and Plastics and Rubbers ($6.02M).

During 2018, Nepal had a large net trade with Thailand in the exports of Textiles ($404k), Arts and Antiques ($333k), and Paper Goods ($223k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Nepal+$6.16MCars
Top Product Potential Nepal Thailand+$210kPaper Containers

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

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

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

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