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2023
Flag → Flag
Exports $4.13BRnk 18 / 221
2023
Flag → Flag
Top Product $1.61BSoybean Meal
2023
Flag → Flag
Exports $2.13BRnk 28 / 216
2023
Flag → Flag
Top Product $303MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Brazil-Thailand Trade: In 2023, Brazil exported $4.13B to Thailand. The main products that Brazil exported to Thailand were Soybean Meal ($1.61B), Soybeans ($1.5B), and Crude Petroleum ($504M). Over the past 5 years the exports of Brazil to Thailand have increased at an annualized rate of 15.9%, from $1.97B in 2018 to $4.13B in 2023.

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

Thailand-Brazil Trade: In 2023, Thailand exported $2.13B to Brazil. The main products that Thailand exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($303M), Rubber ($95.3M), and Bi-Wheel Vehicle Parts ($91.8M). Over the past 5 years the exports of Thailand to Brazil have increased at an annualized rate of 4.29%,  from $1.73B in 2018 to $2.13B in 2023.

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

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $260M and imported $218M from Thailand, resulting in a positive trade balance of $42M. Between December 2023 and December 2024 the exports of Brazil have increased by $67.6M (35.1%) from $193M to $260M, while imports increased by $42.4M (24.1%) from $176M to $218M.

Trade In December 2024, the top exports of Brazil to Thailand were Soybean Meal ($142M), Soybeans ($103M), Wheat ($28.1M), Leather of Other Animals ($3.66M), and Raw Cotton ($3.03M). In December 2024 the top imports of Brazil from Thailand were Rice ($30.5M), Motor vehicles; parts and accessories (8701... ($28.9M), Cars ($23M), Bi-Wheel Vehicle Parts ($11.5M), and Engine Parts ($10.7M).

Origins In December 2024 the exports of Brazil were mainly from Mato Grosso ($71.7M), Bahia ($51.5M), São Paulo ($31.2M), Rio Grande do Sul ($24.4M), and Paraná ($14.6M), while imports destinations were mainly São Paulo ($71.9M), Rio de Janeiro ($50.2M), Santa Catarina ($27.3M), Amazonas ($21M), and Goiás ($15.9M).

Growth In December 2024, the increase in Brazil's year-by-year exports to Thailand was explained primarily by an increase in product exports in Soybeans ($60.1M or 139%), Soybean Meal ($22.2M or 18.6%), and Ethylene Polymers ($2.37M or 519%). In December 2024, the increase in Brazil's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Cars ($14.3M or 166%), Bi-Wheel Vehicle Parts ($5.66M or 97%), and Unprocessed Synthetic Staple Fibers ($2.7M or 426%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$67.6M(35.1%)
IMPORT GROWTH (December 2023 - December 2024)$42.4M(24.1%)
MAIN EXPORTER (December 2024)Mato Grosso$71.7M

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

To check Thailand and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $4.13B to Thailand. The main products exported from Brazil to Thailand were Soybean Meal ($1.61B), Soybeans ($1.5B), and Crude Petroleum ($504M). During the last 5 years the exports of Brazil to Thailand have increased at an annualized rate of 15.9%, from $1.97B in 2018 to $4.13B in 2023.

In 2018, Thailand exported $2.13B to Brazil. The main products exported from Thailand to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($303M), Rubber ($95.3M), and Bi-Wheel Vehicle Parts ($91.8M). During the last 5 years the exports of Thailand to Brazil have increased at an annualized rate of 4.29%, from $1.73B in 2023 to $2.13B in 2018.

Exports from Brazil (Flag) to Thailand (Flag) (2023)

Exports from Thailand (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Brazil than Thailand included China ($106B), Argentina ($17.2B), and Chile ($8.68B).

In 2023, countries that imported more from Thailand than Brazil included United States ($58.5B), Japan ($24.9B), and Australia ($13.5B).

Difference in imports from Thailand (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Thailand

Flow
Scale

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

During 2023, Brazil had a large net trade with Thailand in the exports of Foodstuffs ($1.67B), Vegetable Products ($1.55B), and Mineral Products ($548M).

During 2018, Thailand had a large net trade with Brazil in the exports of Machines ($822M), Transportation ($516M), and Plastics and Rubbers ($383M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Thailand+$112MCrude Petroleum
Top Product Potential Thailand Brazil+$98.8MMotor vehicles; parts and accessories (8701 to 8705)

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

Product Space of Brazil (Flag) and Thailand (Flag) (2023)

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