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2022
Flag → Flag
Exports $367MRnk 41 / 210
2022
Flag → Flag
Top Product $50.6MPackaged Medicaments
2022
Flag → Flag
Exports $653MRnk 43 / 218
2022
Flag → Flag
Top Product $299MOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$6,909CURRENT US$
Rnk 93 / 186
2012-2022
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GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Ireland-Thailand Trade: In 2022, Ireland exported $367M to Thailand. The main products that Ireland exported to Thailand were Packaged Medicaments ($50.6M), Vaccines, blood, antisera, toxins and cultures ($46.2M), and Optical Fibers and optical fibre bundles ($32.1M). Over the past 5 years the exports of Ireland to Thailand have increased at an annualized rate of 0.95%, from $350M in 2017 to $367M in 2022.

In 2020, Ireland exported services to Thailand worth $373M, with Other business services ($332M), Financial services ($29.7M), and Transportation ($5.71M) being the largest in terms of value.

Thailand-Ireland Trade: In 2022, Thailand exported $653M to Ireland. The main products that Thailand exported to Ireland were Office Machine Parts ($299M), Broadcasting Equipment ($116M), and Other Prepared Meat ($59.6M). Over the past 5 years the exports of Thailand to Ireland have increased at an annualized rate of 7.89%,  from $384M in 2017 to $653M in 2022.

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

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

July, 2024

About

Overview In July 2024, Ireland exported €23.2M and imported €101M from Thailand, resulting in a negative trade balance of €78M. Between July 2023 and July 2024 the exports of Ireland have increased by €4.22M (22.2%) from €19M to €23.2M, while imports increased by €26.2M (34.9%) from €75M to €101M.

Trade In July 2024, the top exports of Ireland to Thailand were Medicinal and pharmaceutical products (€7.9M), Miscellaneous manufactured articles, n.e.s. (€5.17M), Photographic apparatus, optical goods, watches and... (€3.55M), Dairy products and birds eggs (€2.13M), and Miscellaneous edible products and preparations (€1.54M). In July 2024 the top imports of Ireland from Thailand were Office machines and automatic data processing... (€29.3M), Meat and meat preparations (€5.21M), Telecommunications and sound recording, reproducing equipment (€4.48M), Electrical machinery, appliances etc., n.e.s. (€3.23M), and General industrial machinery and parts, n.e.s. (€1.33M).

Growth In July 2024, the increase in Ireland's year-by-year exports to Thailand was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (€2.99M or 61.1%), Dairy products and birds eggs (€1.74M or 440%), and Photographic apparatus, optical goods, watches and... (€1.36M or 61.8%). In July 2024, the increase in Ireland's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Office machines and automatic data processing... (€14.4M or 96.3%), Meat and meat preparations (€969k or 22.9%), and Professional, scientific and controlling apparatus (€677k or 205%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€4.22M(22.2%)
IMPORT GROWTH (July 2023 - July 2024)€26.2M(34.9%)

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

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

For full datasets download visit Bulk Download page.

Explore Thailand and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $367M to Thailand. The main products exported from Ireland to Thailand were Packaged Medicaments ($50.6M), Vaccines, blood, antisera, toxins and cultures ($46.2M), and Optical Fibers and optical fibre bundles ($32.1M). During the last 5 years the exports of Ireland to Thailand have increased at an annualized rate of 0.95%, from $350M in 2017 to $367M in 2022.

In 2017, Thailand exported $653M to Ireland. The main products exported from Thailand to Ireland were Office Machine Parts ($299M), Broadcasting Equipment ($116M), and Other Prepared Meat ($59.6M). During the last 5 years the exports of Thailand to Ireland have increased at an annualized rate of 7.89%, from $384M in 2022 to $653M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Ireland than Thailand included Germany ($28.6B), United States ($70.7B), and Belgium ($17B).

In 2022, countries that imported more from Thailand than Ireland included China ($35.3B), Japan ($24.6B), and Vietnam ($13.4B).

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

Comparative Advantage Ireland - Thailand

Flow
Scale

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

During 2022, Ireland had a large net trade with Thailand in the exports of Chemical Products ($113M), Instruments ($94.4M), and Foodstuffs ($43.2M).

During 2017, Thailand had a large net trade with Ireland in the exports of Machines ($484M), Foodstuffs ($76M), and Precious Metals ($18.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Thailand+$38.9MVaccines, blood, antisera, toxins and cultures
Top Product Potential Thailand Ireland+$65.7MComputers

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

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

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