2022
Flag  
GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
 GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC 
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186

About

Estonia-Thailand Trade: In 2022, Estonia exported $26.9M to Thailand. The main products that Estonia exported to Thailand were Rare-Earth Metal Compounds ($9.4M), Alkaline Metals ($2.22M), and Unsaturated Acyclic Monocarboxylic Acids ($1.64M). Over the past 5 years the exports of Estonia to Thailand have decreased at an annualized rate of 4.66%, from $34.2M in 2017 to $26.9M in 2022.

In 2020, Estonia exported services to Thailand worth $2.51M, with Transportation ($1.48M), Travel ($571k), and Computer and information services ($343k) being the largest in terms of value.

Thailand-Estonia Trade: In 2022, Thailand exported $66.6M to Estonia. The main products that Thailand exported to Estonia were Spark-Ignition Engines ($8.64M), Air Conditioners ($5.24M), and Integrated Circuits ($5.06M). Over the past 5 years the exports of Thailand to Estonia have decreased at an annualized rate of 0.4%,  from $68M in 2017 to $66.6M in 2022.

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

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Estonia exported $26.9M to Thailand. The main products exported from Estonia to Thailand were Rare-Earth Metal Compounds ($9.4M), Alkaline Metals ($2.22M), and Unsaturated Acyclic Monocarboxylic Acids ($1.64M). During the last 5 years the exports of Estonia to Thailand have decreased at an annualized rate of 4.66%, from $34.2M in 2017 to $26.9M in 2022.

In 2017, Thailand exported $66.6M to Estonia. The main products exported from Thailand to Estonia were Spark-Ignition Engines ($8.64M), Air Conditioners ($5.24M), and Integrated Circuits ($5.06M). During the last 5 years the exports of Thailand to Estonia have decreased at an annualized rate of 0.4%, from $68M in 2022 to $66.6M in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Thailand (Flag)

Estonia Exports

Thailand Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$3B
Thailand
Top Destination
United States$53.4B

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

In 2022, countries that imported more from Estonia than Thailand included Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

In 2022, countries that imported more from Thailand than Estonia included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

Comparative Advantage Estonia - Thailand

Flow
Scale

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

During 2022, Estonia had a large net trade with Thailand in the exports of Chemical Products ($13.9M), Machines ($3.92M), and Metals ($3.57M).

During 2017, Thailand had a large net trade with Estonia in the exports of Machines ($31.4M), Plastics and Rubbers ($6.03M), and Chemical Products ($5.15M).

Economic Complexity

Competitive Landscape

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

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

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