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2023
Flag → Flag
Exports $323MRnk 56 / 216
2023
Flag → Flag
Top Product $25.8MBroadcasting Equipment
2023
Flag → Flag
Exports $49.4MRnk 61 / 183
2023
Flag → Flag
Top Product $19.7MPrecious Stones
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
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Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
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GDP PC$6,947CURRENT US$
Rnk 104 / 196
2013-2023
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GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Thailand-Colombia Trade: In 2023, Thailand exported $323M to Colombia. The main products that Thailand exported to Colombia were Broadcasting Equipment ($25.8M), Household Washing Machines ($25.7M), and Non-Retail Synthetic Staple Fibers Yarn ($22.6M). Over the past 5 years the exports of Thailand to Colombia have decreased at an annualized rate of 0.13%, from $325M in 2018 to $323M in 2023.

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

Colombia-Thailand Trade: In 2023, Colombia exported $49.4M to Thailand. The main products that Colombia exported to Thailand were Precious Stones ($19.7M), Gas Turbines ($4.49M), and Manganese Oxides ($4.04M). Over the past 5 years the exports of Colombia to Thailand have increased at an annualized rate of 9.97%,  from $30.7M in 2018 to $49.4M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $323M to Colombia. The main products exported from Thailand to Colombia were Broadcasting Equipment ($25.8M), Household Washing Machines ($25.7M), and Non-Retail Synthetic Staple Fibers Yarn ($22.6M). During the last 5 years the exports of Thailand to Colombia have decreased at an annualized rate of 0.13%, from $325M in 2018 to $323M in 2023.

In 2018, Colombia exported $49.4M to Thailand. The main products exported from Colombia to Thailand were Precious Stones ($19.7M), Gas Turbines ($4.49M), and Manganese Oxides ($4.04M). During the last 5 years the exports of Colombia to Thailand have increased at an annualized rate of 9.97%, from $30.7M in 2023 to $49.4M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Colombia (Flag)

Thailand Exports

Colombia Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Thailand than Colombia included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Colombia than Thailand included Panama ($4.66B), Ecuador ($2.19B), and Peru ($1.2B).

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

Comparative Advantage Thailand - Colombia

Flow
Scale

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

During 2023, Thailand had a large net trade with Colombia in the exports of Machines ($124M), Plastics and Rubbers ($52.7M), and Transportation ($31.9M).

During 2018, Colombia had a large net trade with Thailand in the exports of Precious Metals ($19.8M), Metals ($9.9M), and Machines ($6.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Colombia+$30.2MTelephones
Top Product Potential Colombia Thailand+$3.35MFerroalloys

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

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

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