Benin (BEN) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Benin-Thailand Trade: In 2022, Benin exported $616k to Thailand. The main products that Benin exported to Thailand were Raw Cotton ($562k), Other Oily Seeds ($48.6k), and Special Pharmaceuticals ($2.56k). Over the past 5 years the exports of Benin to Thailand have decreased at an annualized rate of 30.2%, from $3.71M in 2017 to $616k in 2022.

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

Thailand-Benin Trade: In 2022, Thailand exported $141M to Benin. The main products that Thailand exported to Benin were Rice ($135M), Plastic Lids ($1.12M), and Iron Gas Containers ($988k). Over the past 5 years the exports of Thailand to Benin have decreased at an annualized rate of 11.6%, from $791M in 2017 to $141M in 2022.

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

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Benin exported $616k to Thailand. The main products exported from Benin to Thailand were Raw Cotton ($562k), Other Oily Seeds ($48.6k), and Special Pharmaceuticals ($2.56k). During the last 5 years the exports of Benin to Thailand have decreased at an annualized rate of 30.2%, from $3.71M in 2017 to $616k in 2022.

In 2017, Thailand exported $141M to Benin. The main products exported from Thailand to Benin were Rice ($135M), Plastic Lids ($1.12M), and Iron Gas Containers ($988k). During the last 5 years the exports of Thailand to Benin have decreased at an annualized rate of 11.6%, from $791M in 2022 to $141M in 2017.

Exports from Benin () to Thailand () (2022)

Exports from Thailand () to Benin () (2022)

Latest Data

Trade between Benin () and Thailand ()

Benin Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Benin than Thailand included Chad ($28M) and Norfolk Island ($40.1k).

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

Difference in imports from Thailand () and Benin () (2022)

Comparative Advantage Benin - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Benin had a large net trade with Thailand in the exports of Textiles ($564k), Vegetable Products ($48.7k), and Chemical Products ($2.56k).

During 2017, Thailand had a large net trade with Benin in the exports of Vegetable Products ($135M), Plastics and Rubbers ($2.44M), and Metals ($1.13M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Thailand+$1.28MRaw Cotton

Top Product Potential Thailand Benin+$831kCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Thailand () (2022)

Exports from Thailand () to Benin () (2022)

Latest Data

Trade between Benin () and Thailand ()

Benin Exports

Market Competitiveness

Difference in imports from Thailand () and Benin () (2022)

Comparative Advantage Benin - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Benin () and Thailand () (2022)

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