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2022
Flag → Flag
Exports $3.13BRnk 24 / 218
2022
Flag → Flag
Top Product $204MBroadcasting Equipment
2022
Flag → Flag
Exports $1.02BRnk 30 / 215
2022
Flag → Flag
Top Product $207MPotassic Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Thailand-Canada Trade: In 2022, Thailand exported $3.13B to Canada. The main products that Thailand exported to Canada were Broadcasting Equipment ($204M), Office Machine Parts ($149M), and Processed Fish ($142M). Over the past 5 years the exports of Thailand to Canada have increased at an annualized rate of 10.5%, from $1.9B in 2017 to $3.13B in 2022.

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

Canada-Thailand Trade: In 2022, Canada exported $1.02B to Thailand. The main products that Canada exported to Thailand were Potassic Fertilizers ($207M), Wheat ($92.4M), and Dissolving Grades Chemical Woodpulp ($67.2M). Over the past 5 years the exports of Canada to Thailand have increased at an annualized rate of 10.1%,  from $629M in 2017 to $1.02B in 2022.

In 2020, Canada exported services to Thailand worth $75.3M, with Travel ($24.6M), Financial services ($18.6M), and Transportation ($16.4M) being the largest in terms of value.

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $3.13B to Canada. The main products exported from Thailand to Canada were Broadcasting Equipment ($204M), Office Machine Parts ($149M), and Processed Fish ($142M). During the last 5 years the exports of Thailand to Canada have increased at an annualized rate of 10.5%, from $1.9B in 2017 to $3.13B in 2022.

In 2017, Canada exported $1.02B to Thailand. The main products exported from Canada to Thailand were Potassic Fertilizers ($207M), Wheat ($92.4M), and Dissolving Grades Chemical Woodpulp ($67.2M). During the last 5 years the exports of Canada to Thailand have increased at an annualized rate of 10.1%, from $629M in 2022 to $1.02B in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Canada (Flag)

Thailand Exports

Canada Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Thailand than Canada included Vietnam ($13.4B), Malaysia ($12.7B), and Japan ($24.6B).

In 2022, countries that imported more from Canada than Thailand included United States ($438B), United Kingdom ($12.9B), and Mexico ($7.39B).

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

Comparative Advantage Thailand - Canada

Flow
Scale

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

During 2022, Thailand had a large net trade with Canada in the exports of Machines ($1.35B), Foodstuffs ($438M), and Plastics and Rubbers ($267M).

During 2017, Canada had a large net trade with Thailand in the exports of Chemical Products ($280M), Machines ($185M), and Paper Goods ($162M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Canada+$169MComputers
Top Product Potential Canada Thailand+$20.9MTelephones

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 2020, Canada exported services to Thailand worth $75.3M, with Travel ($24.6M), Financial services ($18.6M), and Transportation ($16.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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