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Pricing

2023
Flag → Flag
Exports $6.14BRnk 11 / 182
2023
Flag → Flag
Top Product $4.64BCrude Petroleum
2023
Flag → Flag
Exports $3.89BRnk 23 / 216
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
GDP PC $32,094CURRENT US$
Rnk 44 / 195
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195
2023
Flag
GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Saudi Arabia-Thailand Trade: In 2023, Saudi Arabia exported $6.14B to Thailand. The main products that Saudi Arabia exported to Thailand were Crude Petroleum ($4.64B), Nitrogenous Fertilizers ($336M), and Petroleum Gas ($225M). Over the past 5 years the exports of Saudi Arabia to Thailand have decreased at an annualized rate of 3.42%, from $7.31B in 2018 to $6.14B in 2023.

In 2023, Saudi Arabia did not export any services to Thailand.

Thailand-Saudi Arabia Trade: In 2023, Thailand exported $3.89B to Saudi Arabia. The main products that Thailand exported to Saudi Arabia were N/A. Over the past 5 years the exports of Thailand to Saudi Arabia have increased at an annualized rate of 12.3%,  from $2.18B in 2018 to $3.89B in 2023.

In 2023, Thailand did not export any services to Saudi Arabia.

Comparison: In 2023,  Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). 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, Saudi Arabia exported $6.14B to Thailand. The main products exported from Saudi Arabia to Thailand were Crude Petroleum ($4.64B), Nitrogenous Fertilizers ($336M), and Petroleum Gas ($225M). During the last 5 years the exports of Saudi Arabia to Thailand have decreased at an annualized rate of 3.42%, from $7.31B in 2018 to $6.14B in 2023.

In 2018, Thailand exported $3.89B to Saudi Arabia. There were not main exports from Thailand to Saudi Arabia in 2018. During the last 5 years the exports of Thailand to Saudi Arabia have increased at an annualized rate of 12.3%, from $2.18B in 2023 to $3.89B in 2018.

Exports from Saudi Arabia (Flag) to Thailand (Flag) (2023)

Exports from Thailand (Flag) to Saudi Arabia (Flag) (2023)

Latest Data

Trade between Saudi Arabia (Flag) and Thailand (Flag)

Saudi Arabia Exports

Thailand Exports

Market Competitiveness

Color
Saudi Arabia
Top DestinationChina$64.4B
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Saudi Arabia than Thailand included India ($34.8B), China ($64.4B), and Japan ($34.7B).

In 2023, countries that imported more from Thailand than Saudi Arabia included United States ($58.5B), Australia ($13.5B), and Hong Kong ($12.6B).

Difference in imports from Thailand (Flag) and Saudi Arabia (Flag) (2023)

Comparative Advantage Saudi Arabia - Thailand

Flow
Scale

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

During 2023, Saudi Arabia had a large net trade with Thailand in the exports of Mineral Products ($5.06B), Chemical Products ($712M), and Plastics and Rubbers ($237M).

During 2018, Thailand had a large net trade with Saudi Arabia in the exports of Transportation ($2.32B), Machines ($449M), and Foodstuffs ($314M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Saudi Arabia Thailand+$441MCrude Petroleum
Top Product Potential Thailand Saudi Arabia+$88.9MCars

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

Product Space of Saudi Arabia (Flag) and Thailand (Flag) (2023)

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