2023
Flag  
GDP
$343BCURRENT US$
Rnk 44 / 195
2013-2023
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GDP GROWTH
61.1%CURRENT US$
Rnk 55 / 195
2023
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 GDP
$515BCURRENT US$
Rnk 26 / 195
2013-2023
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GDP GROWTH
22.5%CURRENT US$
Rnk 133 / 195
2023
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GDP PC 
$31,591CURRENT US$
Rnk 45 / 195
2013-2023
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GDP PC GROWTH
55.9%CURRENT US$
Rnk 36 / 195
2023
Flag
GDP PC
$7,182CURRENT US$
Rnk 102 / 196
2013-2023
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GDP PC GROWTH
19.3%CURRENT US$
Rnk 103 / 195

About

Czechia-Thailand Trade: In 2023, Czechia exported $332M to Thailand. The main products that Czechia exported to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($31.3M), Liquid Pumps ($21.9M), and Low-voltage Protection Equipment ($13.3M). Over the past 5 years the exports of Czechia to Thailand have increased at an annualized rate of 4.2%, from $270M in 2018 to $332M in 2023.

In 2019, Czechia exported services to Thailand worth $13.5M, with Transportation ($5.49M), Travel ($4.14M), and Other business services ($2.24M) being the largest in terms of value.

Thailand-Czechia Trade: In 2023, Thailand exported $1.45B to Czechia. The main products that Thailand exported to Czechia were Office Machine Parts ($275M), Air Pumps ($62.1M), and Optical Fibers and optical fibre bundles ($56.6M). Over the past 5 years the exports of Thailand to Czechia have increased at an annualized rate of 0.48%,  from $1.35B in 2018 to $1.45B in 2023.

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

Comparison: In 2023,  Czechia ranked 7 in the Economic Complexity Index (ECI 1.6), and 30 in total exports ($224B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Czechia exported $332M to Thailand. The main products exported from Czechia to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($31.3M), Liquid Pumps ($21.9M), and Low-voltage Protection Equipment ($13.3M). During the last 5 years the exports of Czechia to Thailand have increased at an annualized rate of 4.2%, from $270M in 2018 to $332M in 2023.

In 2018, Thailand exported $1.45B to Czechia. The main products exported from Thailand to Czechia were Office Machine Parts ($275M), Air Pumps ($62.1M), and Optical Fibers and optical fibre bundles ($56.6M). During the last 5 years the exports of Thailand to Czechia have increased at an annualized rate of 0.48%, from $1.35B in 2023 to $1.45B in 2018.

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

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

Latest Data

Trade between Czechia (Flag) and Thailand (Flag)

Czechia Exports

Thailand Exports

Market Competitiveness

Color
Czechia
Top Destination
Germany$64.2B
Thailand
Top Destination
United States$58.5B

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

In 2023, countries that imported more from Czechia than Thailand included Germany ($64.2B), Slovakia ($15.8B), and Poland ($13.8B).

In 2023, countries that imported more from Thailand than Czechia included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Czechia - Thailand

Flow
Scale

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

During 2023, Czechia had a large net trade with Thailand in the exports of Machines ($170M), Transportation ($36.8M), and Plastics and Rubbers ($25.3M).

During 2018, Thailand had a large net trade with Czechia in the exports of Machines ($887M), Instruments ($110M), and Transportation ($109M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Czechia Thailand+$26.2MTelephones
Top Product Potential Thailand Czechia+$85.1MComputers

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

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

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