Greece (GRC) and Thailand (THA) Trade | The Observatory of Economic Complexity

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Greece-Thailand Trade: In 2023, Greece exported $105M to Thailand. The main products that Greece exported to Thailand were Gas Turbines ($28.1M), Integrated Circuits ($15.2M), and Packaged Medicaments ($14.6M). Over the past 5 years the exports of Greece to Thailand have increased at an annualized rate of 11.4%, from $61.1M in 2018 to $105M in 2023.

In 2020, Greece exported services to Thailand worth $66M, with Transportation ($63.6M), Insurance services ($685k), and Government services, n.i.e. ($571k) being the largest in terms of value.

Thailand-Greece Trade: In 2023, Thailand exported $154M to Greece. The main products that Thailand exported to Greece were Air Conditioners ($20.1M), Rubber Tires ($16.5M), and Delivery Trucks ($10.1M). Over the past 5 years the exports of Thailand to Greece have increased at an annualized rate of 1.74%, from $141M in 2018 to $154M in 2023.

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

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $105M to Thailand. The main products exported from Greece to Thailand were Gas Turbines ($28.1M), Integrated Circuits ($15.2M), and Packaged Medicaments ($14.6M). During the last 5 years the exports of Greece to Thailand have increased at an annualized rate of 11.4%, from $61.1M in 2018 to $105M in 2023.

In 2018, Thailand exported $154M to Greece. The main products exported from Thailand to Greece were Air Conditioners ($20.1M), Rubber Tires ($16.5M), and Delivery Trucks ($10.1M). During the last 5 years the exports of Thailand to Greece have increased at an annualized rate of 1.74%, from $141M in 2023 to $154M in 2018.

Exports from Greece () to Thailand () (2023)

Exports from Thailand () to Greece () (2023)

Latest Data

Trade between Greece () and Thailand ()

Greece Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Greece than Thailand included Italy ($6.21B), Cyprus ($3.03B), and Bulgaria ($2.38B).

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

Difference in imports from Thailand () and Greece () (2023)

Comparative Advantage Greece - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Thailand in the exports of Machines ($44.7M), Chemical Products ($17.8M), and Metals ($15M).

During 2018, Thailand had a large net trade with Greece in the exports of Plastics and Rubbers ($41.5M), Machines ($39M), and Transportation ($23M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Thailand+$8.83MPackaged Medicaments

Top Product Potential Thailand Greece+$11.7MAir Conditioners

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Thailand () (2023)

Exports from Thailand () to Greece () (2023)

Latest Data

Trade between Greece () and Thailand ()

Greece Exports

Thailand Exports

Market Competitiveness

Difference in imports from Thailand () and Greece () (2023)

Comparative Advantage Greece - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and Thailand () (2023)

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