Flag Thailand / Russia Flag

2020
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Exports
: $902M, Rnk 37 / 214

2020
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Top Product
: $126M, Cars

2020
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Exports
: $1.4B, Rnk 43 / 187

2020
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Top Product
: $911M, Crude Petroleum

2020
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Economic Complexity (ECI)
: ECI 0.91, Rnk 30 / 127

2020
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Economic Complexity (ECI)
: ECI 0.5, Rnk 43 / 127

2020
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GDP
: $502B, CURRENT US$
Rnk 24 / 195

2010-2020
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GDP GROWTH
: 47.1%, CURRENT US$
Rnk 61 / 195

2020
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 GDP
: $1.48T, CURRENT US$
Rnk 11 / 195

2010-2020
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GDP GROWTH
: -2.72%, CURRENT US$
Rnk 164 / 195

2020
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GDP PC 
: $7,187, CURRENT US$
Rnk 85 / 195

2010-2020
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GDP PC GROWTH
: 41.6%, CURRENT US$
Rnk 39 / 195

2020
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GDP PC
: $10,127, CURRENT US$
Rnk 70 / 195

2010-2020
Flag
GDP PC GROWTH
: -5.14%, CURRENT US$
Rnk 154 / 195

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 Vehicle Parts ($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 2018, Russia exported services to Thailand worth $53.6M, with Travel ($21.9M), Transportation ($21.5M), and Other business services ($5.5M) 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
Compare to

In 2020, Thailand exported $902M to Russia. The main products exported from Thailand to Russia were Cars ($126M), Rubber Tires ($58.2M), and Vehicle Parts ($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.

Thailand Exports

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Russia Exports

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Market Competitiveness

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Measure

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

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).

Tariff Section

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

In 2015, the products from Thailand that paid the highest import tariffs to enter Russia were Undenatured ethyl alcohol > 80% by volume (321%)and Milk powder < 1.5% fat (216%).

In 2019, the products from Russia that paid the highest import tariffs to enter Thailand were Ethyl alcohol and other spirits, denatured (69k%)and Undenatured ethyl alcohol > 80% by volume (37.4k%).

*The tariffs present between Thailand and Russia are:
136: Most Favoured Nation duty rate treatement

Bilateral Service Trade

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In 2018, Russia exported services to Thailand worth $53.6M, with Travel ($21.9M), Transportation ($21.5M), and Other business services ($5.5M) 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 Russia. Similarly, the more red a dot/product is, the more Russia has comparative advantage over Thailand.