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2022
Flag → Flag
Exports $5.7BRnk 42 / 223
2022
Flag → Flag
Top Product $357MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $6.43BRnk 14 / 218
2022
Flag → Flag
Top Product $1.04BIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Germany-Thailand Trade: In 2022, Germany exported $5.7B to Thailand. The main products that Germany exported to Thailand were Vaccines, blood, antisera, toxins and cultures ($357M), Integrated Circuits ($317M), and Motor vehicles; parts and accessories (8701 to 8705) ($301M). Over the past 5 years the exports of Germany to Thailand have increased at an annualized rate of 1.09%, from $5.4B in 2017 to $5.7B in 2022.

In 2020, Germany exported services to Thailand worth $924M, with Other business services ($327M), Transportation ($248M), and Royalties and license fees ($239M) being the largest in terms of value.

Thailand-Germany Trade: In 2022, Thailand exported $6.43B to Germany. The main products that Thailand exported to Germany were Integrated Circuits ($1.04B), Office Machine Parts ($666M), and Jewellery ($517M). Over the past 5 years the exports of Thailand to Germany have increased at an annualized rate of 1.12%,  from $5.88B in 2017 to $6.43B in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €387M and imported €707M from Thailand, resulting in a negative trade balance of €320M. Between August 2023 and August 2024 the exports of Germany have decreased by €-80.3M (-17.2%) from €467M to €387M, while imports decreased by €-52.9M (-6.97%) from €760M to €707M.

Trade In August 2024, the top exports of Germany to Thailand were Electronic devices (€42.5M), Chassis, bodies, engines etc. for motor... (€42.3M), Machinery for electricity production, distribution (€31.9M), Pharmaceutical products (€24.6M), and Other prefabricated chemicals (€21.9M). In August 2024 the top imports of Germany from Thailand were Electronic devices (€204M), Office and automatic data processing machines (€107M), Machinery for electricity production, distribution (€39.4M), Jewellery, goldsmith's or silversmith's wares (€39M), and Telecommunication devices and apparatus (€28.3M).

Origins In August 2024 the exports of Germany were mainly from Baden-Württemberg (€66.4M), North Rhine-Westphalia (€65.8M), Bavaria (€49.3M), Hesse (€26.9M), and Rhineland-Pfalz (€22.5M), while imports destinations were mainly North Rhine-Westphalia (€144M), Bavaria (€120M), Baden-Württemberg (€81.3M), Hesse (€76.9M), and Hamburg (€75.8M).

Growth In August 2024, the decrease in Germany's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Pharmaceutical products (€-16.4M or -40%), Other semi-finished products (€-13.4M or -42.8%), and Other machinery (€-7.88M or -27.8%). In August 2024, the decrease in Germany's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Television, radio receivers, sound, video recorder (€-9.91M or -49%), Apparel of knitted or crocheted fabrics... (€-5.28M or -71.5%), and Plates and sheets of iron or... (€-2.71M or -77.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-80.3M(-17.2%)
IMPORT GROWTH (August 2023 - August 2024)€-52.9M(-6.97%)
MAIN EXPORTER (August 2024)Baden-Württemberg€66.4M

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

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

For full datasets download visit Bulk Download page.

Explore Thailand and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $5.7B to Thailand. The main products exported from Germany to Thailand were Vaccines, blood, antisera, toxins and cultures ($357M), Integrated Circuits ($317M), and Motor vehicles; parts and accessories (8701 to 8705) ($301M). During the last 5 years the exports of Germany to Thailand have increased at an annualized rate of 1.09%, from $5.4B in 2017 to $5.7B in 2022.

In 2017, Thailand exported $6.43B to Germany. The main products exported from Thailand to Germany were Integrated Circuits ($1.04B), Office Machine Parts ($666M), and Jewellery ($517M). During the last 5 years the exports of Thailand to Germany have increased at an annualized rate of 1.12%, from $5.88B in 2022 to $6.43B in 2017.

Exports from Germany (Flag) to Thailand (Flag) (2022)

Exports from Thailand (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Germany than Thailand included France ($120B), Netherlands ($109B), and United States ($153B).

In 2022, countries that imported more from Thailand than Germany included Vietnam ($13.4B), Cambodia ($8.63B), and Indonesia ($10.4B).

Difference in imports from Thailand (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Thailand

Flow
Scale

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

During 2022, Germany had a large net trade with Thailand in the exports of Machines ($2.03B), Chemical Products ($1.22B), and Transportation ($653M).

During 2017, Thailand had a large net trade with Germany in the exports of Machines ($3.52B), Precious Metals ($628M), and Plastics and Rubbers ($466M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Thailand+$195MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Thailand Germany+$342MComputers

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

Product Space of Germany (Flag) and Thailand (Flag) (2022)

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