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2023
Flag → Flag
Exports $787MRnk 58 / 220
2023
Flag → Flag
Top Product $69.9MPackaged Medicaments
2023
Flag → Flag
Exports $1.53BRnk 32 / 216
2023
Flag → Flag
Top Product $189MAir Conditioners
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Spain-Thailand Trade: In 2023, Spain exported $787M to Thailand. The main products that Spain exported to Thailand were Packaged Medicaments ($69.9M), Planes, Helicopters, and/or Spacecraft ($32.9M), and Acyclic Hydrocarbons ($28.9M). Over the past 5 years the exports of Spain to Thailand have decreased at an annualized rate of 0.45%, from $805M in 2018 to $787M in 2023.

In 2006, Spain exported services to Thailand worth $94.8M, with Services not allocated ($94.8M) being the largest in terms of value.

Thailand-Spain In N/A, Thailand did not export any products to Spain.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). 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, Spain exported €47.7M and imported €158M from Thailand, resulting in a negative trade balance of €110M. Between November 2023 and November 2024 the exports of Spain have decreased by €-4.44M (-8.52%) from €52.1M to €47.7M, while imports increased by €31.8M (25.2%) from €126M to €158M.

Trade In November 2024, the top exports of Spain to Thailand were Acyclic Hydrocarbons (€5.87M), Packaged Medicaments (€3.9M), Animal Meal and Pellets (€2.63M), Vaccines, blood, antisera, toxins and cultures (€2.61M), and Buses (€1.52M). In November 2024 the top imports of Spain from Thailand were Jewellery (€17.5M), Air Conditioners (€11.3M), Computers (€8.51M), Rubber (€6.09M), and Motorcycles and cycles (€5.58M).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€17.3M), Valencia (€5.6M), Madrid (€3.78M), Vizcaya (€3.1M), and Girona (€1.91M), while imports destinations were mainly Madrid (€63M), Barcelona (€40.6M), Valladolid (€13.7M), Guadalajara (€4.5M), and Vizcaya (€4.37M).

Growth In November 2024, the decrease in Spain's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Non-fillet Frozen Fish (€-4.31M or -96.8%), Valves (€-1.18M or -78.4%), and Iron Pipes (€-1M or -84.5%). In November 2024, the increase in Spain's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Jewellery (€5.53M or 46.3%), Air Conditioners (€3.84M or 51.4%), and Carboxylic Acids (€3.13M or 753%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-4.44M(-8.52%)
IMPORT GROWTH (November 2023 - November 2024)€31.8M(25.2%)
MAIN EXPORTER (November 2024)Barcelona€17.3M

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

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

For full datasets download visit Bulk Download page.

Explore Thailand and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $787M to Thailand. The main products exported from Spain to Thailand were Packaged Medicaments ($69.9M), Planes, Helicopters, and/or Spacecraft ($32.9M), and Acyclic Hydrocarbons ($28.9M). During the last 5 years the exports of Spain to Thailand have decreased at an annualized rate of 0.45%, from $805M in 2018 to $787M in 2023.

Thailand does not register exports to Spain. The main products exported from Thailand to Spain were Air Conditioners ($189M), Office Machine Parts ($122M), and Jewellery ($111M).

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Spain than Thailand included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

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

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

Comparative Advantage Spain - Thailand

Flow
Scale

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

During 2023, Spain had a large net trade with Thailand in the exports of Chemical Products ($227M), Machines ($129M), and Transportation ($93.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Thailand+$32.8MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Thailand Spain+$91.4MComputers

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

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

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