Thailand (THA) and Russia (RUS) Trade | OEC - The Observatory of Economic Complexity

About

Thailand-Russia In 2020, Thailand exported $902M to Russia. The main products that Thailand exported to Russia are Cars ($126M), Rubber Tires ($58.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($48.5M). During the last 25 years the exports of Thailand to Russia have increased at an annualized rate of 3.3%, from $400M in 1995 to $902M in 2020.

In 2020, Thailand did not export any services to Russia.

Russia-Thailand In 2020, Russia exported $1.4B to Thailand. The main products that Russia exported to Thailand were Crude Petroleum ($911M), Coal Briquettes ($89.7M), and Wheat ($66.2M). During the last 25 years the exports of Russia to Thailand have increased at an annualized rate of 0.94%, from $1.11B in 1995 to $1.4B in 2020.

In 2020, Russia exported services to Thailand worth $36.2M, with Transportation ($18.4M), Travel ($6.26M), and Other business services ($5.8M) being the largest in terms of value.

Comparison In 2020, Thailand ranked 30 in the Economic Complexity Index (ECI 0.91), and 23 in total exports ($243B). That same year, Russia ranked 43 in the Economic Complexity Index (ECI 0.5), and 13 in total exports ($330B).

Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2020, Thailand exported $902M to Russia. The main products exported from Thailand to Russia were Cars ($126M), Rubber Tires ($58.2M), and Motor vehicles; parts and accessories (8701 to 8705) ($48.5M). During the last 25 years the exports of Thailand to Russia have increased at an annualized rate of 3.3%, from $400M in 1995 to $902M in 2020.

In 2020, Russia exported $1.4B to Thailand. The main products exported from Russia to Thailand were Crude Petroleum ($911M), Coal Briquettes ($89.7M), and Wheat ($66.2M). During the last 25 years the exports of Russia to Thailand have increased at an annualized rate of 0.94%, from $1.11B in 1995 to $1.4B in 2020.

Latest Data

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Thailand Exports

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Date

Russia Exports

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Date

Market Competitiveness

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Measure

SectionYear

Thailand
Top Destination: United States, $35.3B

Russia
Top Destination: China, $49.3B

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

In 2019, countries that imported more from Thailand than Russia were United States ($35.3B), Japan ($23.2B), and Hong Kong ($11.8B).

In 2019, countries that imported more from Russia than Thailand were United Kingdom ($25.3B), China ($49.3B), and Netherlands ($22.5B).

Comparative Advantage Thailand - Russia

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Flow

Scale

Year

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

During 2020, Thailand had a large net trade with Russia in the exports of Machines ($251M), Transportation ($203M), and Plastics and Rubbers ($134M).

During 2020, Russia had a large net trade with Thailand in the exports of Mineral Products ($1.07B), Chemical Products ($71M), and Vegetable Products ($67.6M).

Service Trade

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Bilateral Service Trade

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Rus Year

In 2020, Russia exported services to Thailand worth $36.2M, with Transportation ($18.4M), Travel ($6.26M), and Other business services ($5.8M) 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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Year

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Thailand Exports

Russia Exports

Market Competitiveness

Comparative Advantage Thailand - Russia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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