2022
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GDP
$529BCURRENT US$
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2012-2022
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GDP GROWTH
135%CURRENT US$
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2022
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 GDP
$495BCURRENT US$
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2012-2022
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GDP GROWTH
24.6%CURRENT US$
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2022
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GDP PC 
$104,039CURRENT US$
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2012-2022
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GDP PC GROWTH
112%CURRENT US$
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GDP PC
$6,909CURRENT US$
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2012-2022
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GDP PC GROWTH
20.2%CURRENT US$
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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 11.2%,  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).

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 11.2%, 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 Destination
United States$70.7B
Thailand
Top Destination
United 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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