2022
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GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%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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GDP PC 
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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2022
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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

Japan-Thailand Trade: In 2022, Japan exported $30.8B to Thailand. The main products that Japan exported to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($2.51B), Hot-Rolled Iron ($1.57B), and Integrated Circuits ($1.34B). Over the past 5 years the exports of Japan to Thailand have increased at an annualized rate of 1.24%, from $28.9B in 2017 to $30.8B in 2022.

In 2009, Japan exported services to Thailand worth $5.32B, with Services not allocated ($2.66B), Royalties and license fees ($1.5B), and Transportation ($820M) being the largest in terms of value.

Thailand-Japan Trade: In 2022, Thailand exported $24.6B to Japan. The main products that Thailand exported to Japan were Other Prepared Meat ($1.58B), Motor vehicles; parts and accessories (8701 to 8705) ($831M), and Integrated Circuits ($770M). Over the past 5 years the exports of Thailand to Japan have increased at an annualized rate of 1.73%,  from $22.6B in 2017 to $24.6B in 2022.

In 2020, Thailand exported services to Japan worth $2.36B, with Other business services ($1.26B), Travel ($760M), and Transportation ($233M) being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). 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, Japan exported $30.8B to Thailand. The main products exported from Japan to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($2.51B), Hot-Rolled Iron ($1.57B), and Integrated Circuits ($1.34B). During the last 5 years the exports of Japan to Thailand have increased at an annualized rate of 1.24%, from $28.9B in 2017 to $30.8B in 2022.

In 2017, Thailand exported $24.6B to Japan. The main products exported from Thailand to Japan were Other Prepared Meat ($1.58B), Motor vehicles; parts and accessories (8701 to 8705) ($831M), and Integrated Circuits ($770M). During the last 5 years the exports of Thailand to Japan have increased at an annualized rate of 1.73%, from $22.6B in 2022 to $24.6B in 2017.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$137B
Thailand
Top Destination
United States$53.4B

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

In 2022, countries that imported more from Japan than Thailand included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

In 2022, countries that imported more from Thailand than Japan included Cambodia ($8.63B), Laos ($4.5B), and Burma ($4.7B).

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

Comparative Advantage Japan - Thailand

Flow
Scale

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

During 2022, Japan had a large net trade with Thailand in the exports of Machines ($10.9B), Metals ($8.21B), and Transportation ($3.36B).

During 2017, Thailand had a large net trade with Japan in the exports of Machines ($8.49B), Foodstuffs ($3.24B), and Plastics and Rubbers ($2.57B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Thailand+$182MCars
Top Product Potential Thailand Japan+$299MComputers

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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Bilateral Service Trade

In 2009, Japan exported services to Thailand worth $5.32B, with Services not allocated ($2.66B), Royalties and license fees ($1.5B), and Transportation ($820M) being the largest in terms of value.

In 2020, Thailand exported services to Japan worth $2.36B, with Other business services ($1.26B), Travel ($760M), and Transportation ($233M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan (Flag) to Thailand (Flag) (2009)

Services Exports from Thailand (Flag) to Japan (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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