2023
Flag  
GDP
$515BCURRENT US$
Rnk 26 / 195
2013-2023
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GDP GROWTH
22.5%CURRENT US$
Rnk 133 / 195
2023
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 GDP
$17.8TCURRENT US$
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2013-2023
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GDP GROWTH
85.9%CURRENT US$
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2023
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GDP PC 
$7,182CURRENT US$
Rnk 102 / 195
2013-2023
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GDP PC GROWTH
19.3%CURRENT US$
Rnk 103 / 195
2023
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GDP PC
$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH
79.7%CURRENT US$
Rnk 17 / 195

About

Thailand-China Trade: In 2023, Thailand exported $44.1B to China. The main products that Thailand exported to China were Other Fruits ($4.8B), Office Machine Parts ($4.21B), and Integrated Circuits ($3.97B). Over the past 5 years the exports of Thailand to China have increased at an annualized rate of 4.23%, from $35.8B in 2018 to $44.1B in 2023.

In 2020, Thailand exported services to China worth $2.93B, with Travel ($2.45B), Other business services ($310M), and Transportation ($133M) being the largest in terms of value.

China-Thailand Trade: In 2023, China exported $74.2B to Thailand. The main products that China exported to Thailand were Broadcasting Equipment ($4.43B), Cars ($2.63B), and Computers ($2.23B). Over the past 5 years the exports of China to Thailand have increased at an annualized rate of 7.9%,  from $50.7B in 2018 to $74.2B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $44.1B to China. The main products exported from Thailand to China were Other Fruits ($4.8B), Office Machine Parts ($4.21B), and Integrated Circuits ($3.97B). During the last 5 years the exports of Thailand to China have increased at an annualized rate of 4.23%, from $35.8B in 2018 to $44.1B in 2023.

In 2018, China exported $74.2B to Thailand. The main products exported from China to Thailand were Broadcasting Equipment ($4.43B), Cars ($2.63B), and Computers ($2.23B). During the last 5 years the exports of China to Thailand have increased at an annualized rate of 7.9%, from $50.7B in 2023 to $74.2B in 2018.

Exports from Thailand (Flag) to China (Flag) (2023)

Exports from China (Flag) to Thailand (Flag) (2023)

Latest Data

Trade between Thailand (Flag) and China (Flag)

Thailand Exports

China Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$58.5B
China
Top Destination
United States$436B

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

In 2023, countries that imported more from Thailand than China included Laos ($4.64B), Guam ($10.9M), and Saint Martin ($2.32M).

In 2023, countries that imported more from China than Thailand included United States ($436B), Hong Kong ($259B), and Germany ($164B).

Difference in imports from China (Flag) and Thailand (Flag) (2023)

Comparative Advantage Thailand - China

Flow
Scale

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

During 2023, Thailand had a large net trade with China in the exports of Machines ($13.7B), Vegetable Products ($9.42B), and Plastics and Rubbers ($7.43B).

During 2018, China had a large net trade with Thailand in the exports of Machines ($31.4B), Metals ($11.5B), and Chemical Products ($6.52B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand China+$1.57BIntegrated Circuits
Top Product Potential China Thailand+$901MTelephones

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

Product Space of Thailand (Flag) and China (Flag) (2023)

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