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2022
Flag → Flag
Exports $240MRnk 64 / 218
2022
Flag → Flag
Top Product $23.6MAir Pumps
2022
Flag → Flag
Exports $69.9MRnk 65 / 208
2022
Flag → Flag
Top Product $10.1MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Thailand-Portugal Trade: In 2022, Thailand exported $240M to Portugal. The main products that Thailand exported to Portugal were Air Pumps ($23.6M), Printed Circuit Boards ($20.7M), and Rubber Tires ($20.2M). Over the past 5 years the exports of Thailand to Portugal have increased at an annualized rate of 5%, from $188M in 2017 to $240M in 2022.

In 2022, Thailand did not export any services to Portugal.

Portugal-Thailand Trade: In 2022, Portugal exported $69.9M to Thailand. The main products that Portugal exported to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($10.1M), Cellulose Fibers Paper ($5.69M), and Animal Meal and Pellets ($2.75M). Over the past 5 years the exports of Portugal to Thailand have increased at an annualized rate of 4.01%,  from $51M in 2017 to $69.9M in 2022.

In 2003, Portugal exported services to Thailand worth $1.58M, with Services not allocated ($1.58M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $240M to Portugal. The main products exported from Thailand to Portugal were Air Pumps ($23.6M), Printed Circuit Boards ($20.7M), and Rubber Tires ($20.2M). During the last 5 years the exports of Thailand to Portugal have increased at an annualized rate of 5%, from $188M in 2017 to $240M in 2022.

In 2017, Portugal exported $69.9M to Thailand. The main products exported from Portugal to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($10.1M), Cellulose Fibers Paper ($5.69M), and Animal Meal and Pellets ($2.75M). During the last 5 years the exports of Portugal to Thailand have increased at an annualized rate of 4.01%, from $51M in 2022 to $69.9M in 2017.

Exports from Thailand (Flag) to Portugal (Flag) (2022)

Exports from Portugal (Flag) to Thailand (Flag) (2022)

Latest Data

Trade between Thailand (Flag) and Portugal (Flag)

Thailand Exports

Portugal Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Thailand than Portugal included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Portugal than Thailand included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

Difference in imports from Portugal (Flag) and Thailand (Flag) (2022)

Comparative Advantage Thailand - Portugal

Flow
Scale

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

During 2022, Thailand had a large net trade with Portugal in the exports of Machines ($108M), Plastics and Rubbers ($55.1M), and Transportation ($21.4M).

During 2017, Portugal had a large net trade with Thailand in the exports of Machines ($18.9M), Transportation ($10.7M), and Textiles ($6.62M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Portugal+$19.6MIntegrated Circuits
Top Product Potential Portugal Thailand+$15.5MMotor vehicles; parts and accessories (8701 to 8705)

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 Portugal. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Thailand.

Product Space of Thailand (Flag) and Portugal (Flag) (2022)

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