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2023
Flag → Flag
Exports $5.67BRnk 44 / 220
2023
Flag → Flag
Top Product $450MIntegrated Circuits
2023
Flag → Flag
Exports $8.81BRnk 11 / 216
2023
Flag → Flag
Top Product $1.94BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 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 $54,343CURRENT US$
Rnk 21 / 195
2013-2023
Flag
GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
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GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Germany-Thailand Trade: In 2023, Germany exported $5.67B to Thailand. The main products that Germany exported to Thailand were Integrated Circuits ($450M), Motor vehicles; parts and accessories (8701 to 8705) ($346M), and Cars ($322M). Over the past 5 years the exports of Germany to Thailand have decreased at an annualized rate of 2.11%, from $6.31B in 2018 to $5.67B in 2023.

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 2023, Thailand exported $8.81B to Germany. The main products that Thailand exported to Germany were Integrated Circuits ($1.94B), Office Machine Parts ($866M), and Jewellery ($471M). Over the past 5 years the exports of Thailand to Germany have increased at an annualized rate of 4.22%,  from $7.17B in 2018 to $8.81B in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). 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, Germany exported €479M and imported €751M from Thailand, resulting in a negative trade balance of €273M. Between November 2023 and November 2024 the exports of Germany have increased by €46.5M (10.8%) from €432M to €479M, while imports increased by €57.2M (8.24%) from €694M to €751M.

Trade In November 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 November 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 November 2024 the exports of Germany were mainly from Hamburg (€85.2M), Baden-Württemberg (€77.1M), North Rhine-Westphalia (€54.9M), Bavaria (€48.6M), and Hesse (€23.8M), while imports destinations were mainly North Rhine-Westphalia (€158M), Bavaria (€144M), Hesse (€87M), and Baden-Württemberg (€83.5M).

Growth In November 2024, the increase in Germany's year-by-year exports to Thailand was explained primarily by an increase in product exports in Electronic devices (€16.9M or 66%), Machinery for food, beverage, tobacco production (€13.5M or 2.51k%), and Chassis, bodies, engines etc. for motor... (€11.8M or 38.6%). In November 2024, the increase in Germany's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Electronic devices (€62.8M or 44.3%), Telecommunication devices and apparatus (€17M or 150%), and Measuring and automatical control instruments (€13.6M or 106%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€46.5M(10.8%)
IMPORT GROWTH (November 2023 - November 2024)€57.2M(8.24%)
MAIN EXPORTER (November 2024)Hamburg€85.2M

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 2023, Germany exported $5.67B to Thailand. The main products exported from Germany to Thailand were Integrated Circuits ($450M), Motor vehicles; parts and accessories (8701 to 8705) ($346M), and Cars ($322M). During the last 5 years the exports of Germany to Thailand have decreased at an annualized rate of 2.11%, from $6.31B in 2018 to $5.67B in 2023.

In 2018, Thailand exported $8.81B to Germany. The main products exported from Thailand to Germany were Integrated Circuits ($1.94B), Office Machine Parts ($866M), and Jewellery ($471M). During the last 5 years the exports of Thailand to Germany have increased at an annualized rate of 4.22%, from $7.17B in 2023 to $8.81B in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Thailand
Top DestinationUnited States$58.5B

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 2023, countries that imported more from Germany than Thailand included France ($118B), Netherlands ($108B), and United States ($157B).

In 2023, countries that imported more from Thailand than Germany included Vietnam ($11.2B), Indonesia ($10.4B), and Philippines ($8.3B).

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

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 2023, Germany had a large net trade with Thailand in the exports of Machines ($2.18B), Chemical Products ($875M), and Transportation ($825M).

During 2018, Thailand had a large net trade with Germany in the exports of Machines ($5.27B), Instruments ($678M), and Transportation ($647M).

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) (2023)

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