2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
GDP PC 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
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2022
Flag
GDP PC
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH
20.2%CURRENT US$
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About

Mexico-Thailand Trade: In 2022, Mexico exported $728M to Thailand. The main products that Mexico exported to Thailand were Gold ($66.4M), Motor vehicles; parts and accessories (8701 to 8705) ($57.9M), and Electrical Capacitors ($51.5M). Over the past 5 years the exports of Mexico to Thailand have decreased at an annualized rate of 1.52%, from $786M in 2017 to $728M in 2022.

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

Thailand-Mexico Trade: In 2022, Thailand exported $4.12B to Mexico. The main products that Thailand exported to Mexico were Broadcasting Equipment ($565M), Cars ($487M), and Integrated Circuits ($350M). Over the past 5 years the exports of Thailand to Mexico have decreased at an annualized rate of 1.03%,  from $4.34B in 2017 to $4.12B in 2022.

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

Comparison: In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). 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, Mexico exported $728M to Thailand. The main products exported from Mexico to Thailand were Gold ($66.4M), Motor vehicles; parts and accessories (8701 to 8705) ($57.9M), and Electrical Capacitors ($51.5M). During the last 5 years the exports of Mexico to Thailand have decreased at an annualized rate of 1.52%, from $786M in 2017 to $728M in 2022.

In 2017, Thailand exported $4.12B to Mexico. The main products exported from Thailand to Mexico were Broadcasting Equipment ($565M), Cars ($487M), and Integrated Circuits ($350M). During the last 5 years the exports of Thailand to Mexico have decreased at an annualized rate of 1.03%, from $4.34B in 2022 to $4.12B in 2017.

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

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

Latest Data

Trade between Mexico (Flag) and Thailand (Flag)

Mexico Exports

Thailand Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Thailand
Top Destination
United States$53.4B

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

In 2022, countries that imported more from Mexico than Thailand included United States ($421B), Canada ($22.2B), and Spain ($5.41B).

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

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

Comparative Advantage Mexico - Thailand

Flow
Scale

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

During 2022, Mexico had a large net trade with Thailand in the exports of Machines ($309M), Instruments ($119M), and Transportation ($82.6M).

During 2017, Thailand had a large net trade with Mexico in the exports of Machines ($2.46B), Transportation ($959M), and Plastics and Rubbers ($311M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Mexico Thailand+$97.5MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Thailand Mexico+$200MIntegrated Circuits

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

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

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