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2023
Flag → Flag
Exports $74.2BRnk 11 / 208
2023
Flag → Flag
Top Product $4.43BBroadcasting Equipment
2023
Flag → Flag
Exports $44.1BRnk 2 / 216
2023
Flag → Flag
Top Product $4.8BOther Fruits
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

China-Thailand Trade: In 2023, China exported $74.2B to Thailand. The main products that China exported to Thailand were Broadcasting Equipment ($4.43B), Cars ($2.63B), and Computers ($2.23B). Over the past 5 years the exports of China to Thailand have increased at an annualized rate of 7.9%, from $50.7B in 2018 to $74.2B in 2023.

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

Thailand-China Trade: In 2023, Thailand exported $44.1B to China. The main products that Thailand exported to China were Other Fruits ($4.8B), Office Machine Parts ($4.21B), and Integrated Circuits ($3.97B). Over the past 5 years the exports of Thailand to China have increased at an annualized rate of 4.23%,  from $35.8B in 2018 to $44.1B in 2023.

In 2020, Thailand exported services to China worth $2.93B, with Travel ($2.45B), Other business services ($310M), and Transportation ($133M) being the largest in terms of value.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). 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, China exported $8.63B and imported $4.45B from Thailand, resulting in a positive trade balance of $4.18B. Between December 2023 and December 2024 the exports of China have increased by $1.91B (28.5%) from $6.72B to $8.63B, while imports increased by $132M (3.05%) from $4.32B to $4.45B.

Trade In December 2024, the top exports of China to Thailand were Telephones ($329M), Commodities not elsewhere specified ($263M), Integrated Circuits ($172M), Cars ($157M), and Electrical Transformers ($154M). In December 2024 the top imports of China from Thailand were Computers ($466M), Integrated Circuits ($430M), Synthetic Rubber ($187M), Other Fruits ($179M), and Scrap Copper ($112M).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($1.48B), Jiangsu Province ($1.39B), Zhejiang Province ($939M), Shandong Province ($863M), and Guangxi Zhuang Autonomous Region ($571M), while imports destinations were mainly Guangdong Province ($1.45B), Shanghai Province ($638M), Zhejiang Province ($461M), Jiangsu Province ($398M), and Shandong Province ($263M).

Growth In December 2024, the increase in China's year-by-year exports to Thailand was explained primarily by an increase in product exports in Commodities not elsewhere specified ($177M or 207%), Integrated Circuits ($80M or 86.7%), and Electrical Transformers ($56.2M or 57.3%). In December 2024, the increase in China's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Computers ($146M or 45.9%), Scrap Copper ($48.5M or 76.8%), and Sawn Wood ($48.4M or 115%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$1.91B(28.5%)
IMPORT GROWTH (December 2023 - December 2024)$132M(3.05%)
MAIN EXPORTER (December 2024)Guangdong Province$1.48B

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

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

For full datasets download visit Bulk Download page.

Explore Thailand and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $74.2B to Thailand. The main products exported from China to Thailand were Broadcasting Equipment ($4.43B), Cars ($2.63B), and Computers ($2.23B). During the last 5 years the exports of China to Thailand have increased at an annualized rate of 7.9%, from $50.7B in 2018 to $74.2B in 2023.

In 2018, Thailand exported $44.1B to China. The main products exported from Thailand to China were Other Fruits ($4.8B), Office Machine Parts ($4.21B), and Integrated Circuits ($3.97B). During the last 5 years the exports of Thailand to China have increased at an annualized rate of 4.23%, from $35.8B in 2023 to $44.1B in 2018.

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

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

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from China than Thailand included United States ($436B), Hong Kong ($259B), and Germany ($164B).

In 2023, countries that imported more from Thailand than China included Laos ($4.64B), Guam ($10.9M), and Saint Martin ($2.32M).

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

Comparative Advantage China - Thailand

Flow
Scale

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

During 2023, China had a large net trade with Thailand in the exports of Machines ($31.4B), Metals ($11.5B), and Chemical Products ($6.52B).

During 2018, Thailand had a large net trade with China in the exports of Machines ($13.7B), Vegetable Products ($9.42B), and Plastics and Rubbers ($7.43B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Thailand+$901MTelephones
Top Product Potential Thailand China+$1.57BIntegrated Circuits

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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Bilateral Service Trade

In 2020, Thailand exported services to China worth $2.93B, with Travel ($2.45B), Other business services ($310M), and Transportation ($133M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Thailand (Flag) to China (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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