Thailand (THA) and Turkey (TUR) Trade | The Observatory of Economic Complexity

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Thailand-Turkey Trade: In 2023, Thailand exported $2.21B to Turkey. The main products that Thailand exported to Turkey were Delivery Trucks ($353M), Air Conditioners ($196M), and Cars ($176M). Over the past 5 years the exports of Thailand to Turkey have increased at an annualized rate of 8.98%, from $1.43B in 2018 to $2.21B in 2023.

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

Turkey-Thailand Trade: In 2023, Turkey exported $427M to Thailand. The main products that Turkey exported to Thailand were Carbonates ($60.1M), Jewellery ($38.4M), and Crude Petroleum ($35.7M). Over the past 5 years the exports of Turkey to Thailand have increased at an annualized rate of 3.93%, from $352M in 2018 to $427M in 2023.

In 2009, Turkey exported services to Thailand worth $0, with being the largest in terms of value.

Comparison: In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Thailand exported $2.21B to Turkey. The main products exported from Thailand to Turkey were Delivery Trucks ($353M), Air Conditioners ($196M), and Cars ($176M). During the last 5 years the exports of Thailand to Turkey have increased at an annualized rate of 8.98%, from $1.43B in 2018 to $2.21B in 2023.

In 2018, Turkey exported $427M to Thailand. The main products exported from Turkey to Thailand were Carbonates ($60.1M), Jewellery ($38.4M), and Crude Petroleum ($35.7M). During the last 5 years the exports of Turkey to Thailand have increased at an annualized rate of 3.93%, from $352M in 2023 to $427M in 2018.

Exports from Thailand () to Turkey () (2023)

Exports from Turkey () to Thailand () (2023)

Latest Data

Trade between Thailand () and Turkey ()

Thailand Exports

Date

Turkey Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Turkey
Top DestinationGermany$24.7B

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

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

In 2023, countries that imported more from Turkey than Thailand included Germany ($24.7B), Iraq ($12.8B), and Italy ($12.6B).

Difference in imports from Turkey () and Thailand () (2023)

Comparative Advantage Thailand - Turkey

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Turkey in the exports of Machines ($751M), Transportation ($589M), and Plastics and Rubbers ($334M).

During 2018, Turkey had a large net trade with Thailand in the exports of Chemical Products ($96.4M), Machines ($71.9M), and Precious Metals ($58.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Turkey+$118MCars

Top Product Potential Turkey Thailand+$14.9MJewellery

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Turkey () (2023)

Exports from Turkey () to Thailand () (2023)

Latest Data

Trade between Thailand () and Turkey ()

Thailand Exports

Turkey Exports

Market Competitiveness

Difference in imports from Turkey () and Thailand () (2023)

Comparative Advantage Thailand - Turkey

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Turkey () (2023)

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