Thailand (THA) and Brazil (BRA) Trade | The Observatory of Economic Complexity

About

Thailand-Brazil Trade: In 2023, Thailand exported $2.13B to Brazil. The main products that Thailand exported to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($303M), Rubber ($95.3M), and Bi-Wheel Vehicle Parts ($91.8M). Over the past 5 years the exports of Thailand to Brazil have increased at an annualized rate of 4.29%, from $1.73B in 2018 to $2.13B in 2023.

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

Brazil-Thailand Trade: In 2023, Brazil exported $4.13B to Thailand. The main products that Brazil exported to Thailand were Soybean Meal ($1.61B), Soybeans ($1.5B), and Crude Petroleum ($504M). Over the past 5 years the exports of Brazil to Thailand have increased at an annualized rate of 13.1%, from $1.97B in 2018 to $4.13B in 2023.

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

Comparison: In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Thailand exported $2.13B to Brazil. The main products exported from Thailand to Brazil were Motor vehicles; parts and accessories (8701 to 8705) ($303M), Rubber ($95.3M), and Bi-Wheel Vehicle Parts ($91.8M). During the last 5 years the exports of Thailand to Brazil have increased at an annualized rate of 4.29%, from $1.73B in 2018 to $2.13B in 2023.

In 2018, Brazil exported $4.13B to Thailand. The main products exported from Brazil to Thailand were Soybean Meal ($1.61B), Soybeans ($1.5B), and Crude Petroleum ($504M). During the last 5 years the exports of Brazil to Thailand have increased at an annualized rate of 13.1%, from $1.97B in 2023 to $4.13B in 2018.

Exports from Thailand () to Brazil () (2023)

Exports from Brazil () to Thailand () (2023)

Latest Data

Trade between Thailand () and Brazil ()

Thailand Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$58.5B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Thailand than Brazil included United States ($58.5B), Japan ($24.9B), and Australia ($13.5B).

In 2023, countries that imported more from Brazil than Thailand included China ($106B), Argentina ($17.2B), and Chile ($8.68B).

Difference in imports from Brazil () and Thailand () (2023)

Comparative Advantage Thailand - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Thailand had a large net trade with Brazil in the exports of Machines ($822M), Transportation ($516M), and Plastics and Rubbers ($383M).

During 2018, Brazil had a large net trade with Thailand in the exports of Foodstuffs ($1.67B), Vegetable Products ($1.55B), and Mineral Products ($548M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Brazil+$98.8MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Brazil Thailand+$112MCrude Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Brazil () (2023)

Exports from Brazil () to Thailand () (2023)

Latest Data

Trade between Thailand () and Brazil ()

Thailand Exports

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Thailand () (2023)

Comparative Advantage Thailand - Brazil

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Thailand () and Brazil () (2023)

Keep Exploring