2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
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GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
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 GDP
$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH
22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC 
$30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH
56%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC
$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH
19.3%CURRENT US$
Rnk 103 / 195

About

Estonia-Thailand Trade: In 2023, Estonia exported $38.2M to Thailand. The main products that Estonia exported to Thailand were Gas Turbines ($13.3M), Broadcasting Equipment ($6.51M), and Motor vehicles; parts and accessories (8701 to 8705) ($3.35M). Over the past 5 years the exports of Estonia to Thailand have increased at an annualized rate of 0.76%, from $36.8M in 2018 to $38.2M in 2023.

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 2023, Thailand exported $68.6M to Estonia. The main products that Thailand exported to Estonia were Integrated Circuits ($8.91M), Planes, Helicopters, and/or Spacecraft ($5.05M), and Air Conditioners ($5.04M). Over the past 5 years the exports of Thailand to Estonia have decreased at an annualized rate of 2.79%,  from $79.1M in 2018 to $68.6M in 2023.

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

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. 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, Estonia exported $38.2M to Thailand. The main products exported from Estonia to Thailand were Gas Turbines ($13.3M), Broadcasting Equipment ($6.51M), and Motor vehicles; parts and accessories (8701 to 8705) ($3.35M). During the last 5 years the exports of Estonia to Thailand have increased at an annualized rate of 0.76%, from $36.8M in 2018 to $38.2M in 2023.

In 2018, Thailand exported $68.6M to Estonia. The main products exported from Thailand to Estonia were Integrated Circuits ($8.91M), Planes, Helicopters, and/or Spacecraft ($5.05M), and Air Conditioners ($5.04M). During the last 5 years the exports of Thailand to Estonia have decreased at an annualized rate of 2.79%, from $79.1M in 2023 to $68.6M in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Thailand (Flag)

Estonia Exports

Thailand Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Thailand
Top Destination
United States$58.5B

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 2023, countries that imported more from Estonia than Thailand included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

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

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

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 2023, Estonia had a large net trade with Thailand in the exports of Machines ($27.4M), Transportation ($3.56M), and Metals ($1.74M).

During 2018, Thailand had a large net trade with Estonia in the exports of Machines ($27.6M), Transportation ($10.5M), and Plastics and Rubbers ($5.92M).

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) (2023)

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