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2023
Flag → Flag
Exports $7.71MRnk 46 / 130
2023
Flag → Flag
Top Product $3.37MNon-fillet Frozen Fish
2023
Flag → Flag
Exports $135MRnk 83 / 216
2023
Flag → Flag
Top Product $16.8MRubber
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $4,466CURRENT US$
Rnk 125 / 195
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Iran-Thailand Trade: In 2023, Iran exported $7.71M to Thailand. The main products that Iran exported to Thailand were Non-fillet Frozen Fish ($3.37M), Grapes ($1.27M), and Waxes ($537k). Over the past 5 years the exports of Iran to Thailand have decreased at an annualized rate of 61.9%, from $967M in 2018 to $7.71M in 2023.

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

Thailand-Iran Trade: In 2023, Thailand exported $135M to Iran. The main products that Thailand exported to Iran were Rubber ($16.8M), Other Processed Fruits and Nuts ($9.23M), and Fruit Juice ($8.9M). Over the past 5 years the exports of Thailand to Iran have decreased at an annualized rate of 11%,  from $305M in 2018 to $135M in 2023.

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

Comparison: In 2023,  Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). 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, Iran exported $7.71M to Thailand. The main products exported from Iran to Thailand were Non-fillet Frozen Fish ($3.37M), Grapes ($1.27M), and Waxes ($537k). During the last 5 years the exports of Iran to Thailand have decreased at an annualized rate of 61.9%, from $967M in 2018 to $7.71M in 2023.

In 2018, Thailand exported $135M to Iran. The main products exported from Thailand to Iran were Rubber ($16.8M), Other Processed Fruits and Nuts ($9.23M), and Fruit Juice ($8.9M). During the last 5 years the exports of Thailand to Iran have decreased at an annualized rate of 11%, from $305M in 2023 to $135M in 2018.

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

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

Latest Data

Trade between Iran (Flag) and Thailand (Flag)

Thailand Exports

Market Competitiveness

Color
Iran
Top DestinationChina$4.59B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Iran than Thailand included Armenia ($597M), Azerbaijan ($473M), and Uzbekistan ($326M).

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

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

Comparative Advantage Iran - Thailand

Flow
Scale

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

During 2023, Iran had a large net trade with Thailand in the exports of Animal Products ($3.72M), Vegetable Products ($2.35M), and Chemical Products ($642k).

During 2018, Thailand had a large net trade with Iran in the exports of Machines ($30.7M), Plastics and Rubbers ($30.4M), and Foodstuffs ($24.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Thailand+$5.3MSemi-Finished Iron
Top Product Potential Thailand Iran+$11.3MRice

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

Product Space of Iran (Flag) and Thailand (Flag) (2023)

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