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2023
Flag → Flag
Exports $942MRnk 30 / 215
2023
Flag → Flag
Top Product $116MWheat
2023
Flag → Flag
Exports $3.41BRnk 24 / 216
2023
Flag → Flag
Top Product $232MOffice Machine Parts
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
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GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
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GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Canada-Thailand Trade: In 2023, Canada exported $942M to Thailand. The main products that Canada exported to Thailand were Wheat ($116M), Potassic Fertilizers ($102M), and Integrated Circuits ($81.6M). Over the past 5 years the exports of Canada to Thailand have increased at an annualized rate of 0.7%, from $909M in 2018 to $942M in 2023.

In 2020, Canada exported services to Thailand worth $75.3M, with Travel ($24.6M), Financial services ($18.6M), and Transportation ($16.4M) being the largest in terms of value.

Thailand-Canada Trade: In 2023, Thailand exported $3.41B to Canada. The main products that Thailand exported to Canada were Office Machine Parts ($232M), Broadcasting Equipment ($188M), and Jewellery ($158M). Over the past 5 years the exports of Thailand to Canada have increased at an annualized rate of 4.37%,  from $2.75B in 2018 to $3.41B in 2023.

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

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$77.6M and imported C$388M from Thailand, resulting in a negative trade balance of C$310M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-1.02M (-1.3%) from C$78.6M to C$77.6M, while imports decreased by C$-53.6M (-12.1%) from C$441M to C$388M.

Trade In November 2024, the top exports of Canada to Thailand were Potassic Fertilizers (C$6.41M), Raw Nickel (C$5.47M), Sulfate Chemical Woodpulp (C$5.16M), Non-Retail Synthetic Filament Yarn (C$4.91M), and Wheat (C$4.37M). In November 2024 the top imports of Canada from Thailand were Computers (C$32.6M), Telephones (C$23.3M), Integrated Circuits (C$17.9M), Processed Fish (C$16.4M), and Jewellery (C$14.5M).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$23M), Quebec (C$14M), British Columbia (C$11.5M), Alberta (C$10.7M), and New Brunswick (C$5.87M), while imports destinations were mainly Ontario (C$226M), British Columbia (C$90.5M), Quebec (C$36M), Alberta (C$15.4M), and Nova Scotia (C$10.6M).

Growth In November 2024, the decrease in Canada's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Dissolving Grades Chemical Woodpulp (C$-8.91M or -92.5%), Polycarboxylic Acids (C$-1.29M or -44.5%), and Oscilloscopes (C$-1.24M or -89%). In November 2024, the decrease in Canada's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Computers (C$-17.9M or -35.5%), Rice (C$-4.87M or -37%), and Rubber (C$-4.5M or -62%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-1.02M(-1.3%)
IMPORT GROWTH (November 2023 - November 2024)C$-53.6M(-12.1%)
MAIN EXPORTER (November 2024)OntarioC$23M

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

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

For full datasets download visit Bulk Download page.

Explore Thailand and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $942M to Thailand. The main products exported from Canada to Thailand were Wheat ($116M), Potassic Fertilizers ($102M), and Integrated Circuits ($81.6M). During the last 5 years the exports of Canada to Thailand have increased at an annualized rate of 0.7%, from $909M in 2018 to $942M in 2023.

In 2018, Thailand exported $3.41B to Canada. The main products exported from Thailand to Canada were Office Machine Parts ($232M), Broadcasting Equipment ($188M), and Jewellery ($158M). During the last 5 years the exports of Thailand to Canada have increased at an annualized rate of 4.37%, from $2.75B in 2023 to $3.41B in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Canada than Thailand included United States ($410B), United Kingdom ($18B), and Switzerland ($6.71B).

In 2023, countries that imported more from Thailand than Canada included China ($44.1B), Malaysia ($12.5B), and Japan ($24.9B).

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

Comparative Advantage Canada - Thailand

Flow
Scale

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

During 2023, Canada had a large net trade with Thailand in the exports of Machines ($226M), Vegetable Products ($172M), and Chemical Products ($153M).

During 2018, Thailand had a large net trade with Canada in the exports of Machines ($1.57B), Foodstuffs ($410M), and Plastics and Rubbers ($235M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Thailand+$20.9MTelephones
Top Product Potential Thailand Canada+$169MComputers

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

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

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