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2022
Flag → Flag
Exports $740MRnk 35 / 214
2022
Flag → Flag
Top Product $120MAcyclic Hydrocarbons
2022
Flag → Flag
Exports $2.36BRnk 27 / 218
2022
Flag → Flag
Top Product $526MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 133
2022
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Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
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GDP$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 186
2022
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 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
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GDP PC $6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186
2022
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GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
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GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

South Africa-Thailand Trade: In 2022, South Africa exported $740M to Thailand. The main products that South Africa exported to Thailand were Acyclic Hydrocarbons ($120M), Gold ($93.7M), and Raw Aluminium ($93M). Over the past 5 years the exports of South Africa to Thailand have decreased at an annualized rate of 2.41%, from $837M in 2017 to $740M in 2022.

In 2022, South Africa did not export any services to Thailand.

Thailand-South Africa Trade: In 2022, Thailand exported $2.36B to South Africa. The main products that Thailand exported to South Africa were Motor vehicles; parts and accessories (8701 to 8705) ($526M), Rice ($348M), and Combustion Engines ($163M). Over the past 5 years the exports of Thailand to South Africa have increased at an annualized rate of 0.24%,  from $2.33B in 2017 to $2.36B in 2022.

In 2022, Thailand did not export any services to South Africa.

Comparison: In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

August, 2024

About

Overview In August 2024, South Africa exported ZAR269M and imported ZAR5.37B from Thailand, resulting in a negative trade balance of ZAR5.1B. Between August 2023 and August 2024 the exports of South Africa have decreased by ZAR-309M (-53.5%) from ZAR578M to ZAR269M, while imports decreased by ZAR-756M (-12.3%) from ZAR6.12B to ZAR5.37B.

Trade In August 2024, the top exports of South Africa to Thailand were Soybeans (ZAR291M), Raw Aluminium (ZAR189M), Centrifuges (ZAR59.4M), Dissolving Grades Chemical Woodpulp (ZAR31.5M), and Sulfate Chemical Woodpulp (ZAR16.9M). In August 2024 the top imports of South Africa from Thailand were Commodities not elsewhere specified (ZAR2.19B), Rice (ZAR597M), Delivery Trucks (ZAR324M), Motor vehicles; parts and accessories (8701... (ZAR209M), and Processed Fish (ZAR136M).

Origins In August 2024 the exports of South Africa were mainly from Durban (ZAR92.4M), Port Elizabeth (ZAR81.4M), Richards Bay (ZAR32.6M), Johannesburg (ZAR27.2M), and O.R. Tambo Int Airport (ZAR20.1M), while imports destinations were mainly Durban (ZAR3.73B), Pretoria (ZAR678M), Port Elizabeth (ZAR466M), O.R. Tambo Int Airport (ZAR295M), and Cape Town (ZAR116M).

Growth In August 2024, the decrease in South Africa's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Other Iron Products (ZAR-160M or -99.7%), Refined Copper (ZAR-15M or -51.7%), and Dissolving Grades Chemical Woodpulp (ZAR-14.6M or -31.7%). In August 2024, the decrease in South Africa's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Commodities not elsewhere specified (ZAR-886M or -28.8%), Household Washing Machines (ZAR-16.4M or -46.3%), and Other Processed Fruits and Nuts (ZAR-12.1M or -92.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)ZAR-309M(-53.5%)
IMPORT GROWTH (August 2023 - August 2024)ZAR-756M(-12.3%)
MAIN EXPORTER (August 2024)DurbanZAR92.4M

This section shows exports and imports data at subnational level for South Africa. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of South Africa over time.

To check Thailand and South Africa trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and South Africa Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Africa exported $740M to Thailand. The main products exported from South Africa to Thailand were Acyclic Hydrocarbons ($120M), Gold ($93.7M), and Raw Aluminium ($93M). During the last 5 years the exports of South Africa to Thailand have decreased at an annualized rate of 2.41%, from $837M in 2017 to $740M in 2022.

In 2017, Thailand exported $2.36B to South Africa. The main products exported from Thailand to South Africa were Motor vehicles; parts and accessories (8701 to 8705) ($526M), Rice ($348M), and Combustion Engines ($163M). During the last 5 years the exports of Thailand to South Africa have increased at an annualized rate of 0.24%, from $2.33B in 2022 to $2.36B in 2017.

Exports from South Africa (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top DestinationChina$23.4B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from South Africa than Thailand included Mozambique ($5.43B), Botswana ($4.74B), and Germany ($9.96B).

In 2022, countries that imported more from Thailand than South Africa included United States ($53.4B), Japan ($24.6B), and Vietnam ($13.4B).

Difference in imports from Thailand (Flag) and South Africa (Flag) (2022)

Comparative Advantage South Africa - Thailand

Flow
Scale

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

During 2022, South Africa had a large net trade with Thailand in the exports of Metals ($194M), Chemical Products ($137M), and Precious Metals ($127M).

During 2017, Thailand had a large net trade with South Africa in the exports of Transportation ($731M), Machines ($540M), and Vegetable Products ($358M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Africa Thailand+$107MGold
Top Product Potential Thailand South Africa+$55.7MCars

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

Product Space of South Africa (Flag) and Thailand (Flag) (2022)

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