2022
Flag  
GDP
$495BCURRENT US$
Rnk 29 / 186
2012-2022
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GDP GROWTH
24.6%CURRENT US$
Rnk 111 / 186
2022
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 GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
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GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
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GDP PC 
$6,909CURRENT US$
Rnk 93 / 186
2012-2022
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GDP PC GROWTH
20.2%CURRENT US$
Rnk 87 / 186
2022
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GDP PC
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
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GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186

About

Thailand-Estonia Trade: In 2022, Thailand exported $66.6M to Estonia. The main products that Thailand exported to Estonia were Spark-Ignition Engines ($8.64M), Air Conditioners ($5.24M), and Integrated Circuits ($5.06M). Over the past 5 years the exports of Thailand to Estonia have decreased at an annualized rate of 0.4%, from $68M in 2017 to $66.6M in 2022.

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

Estonia-Thailand Trade: In 2022, Estonia exported $26.9M to Thailand. The main products that Estonia exported to Thailand were Rare-Earth Metal Compounds ($9.4M), Alkaline Metals ($2.22M), and Unsaturated Acyclic Monocarboxylic Acids ($1.64M). Over the past 5 years the exports of Estonia to Thailand have decreased at an annualized rate of 4.66%,  from $34.2M in 2017 to $26.9M in 2022.

In 2020, Estonia exported services to Thailand worth $2.51M, with Transportation ($1.48M), Travel ($571k), and Computer and information services ($343k) 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $66.6M to Estonia. The main products exported from Thailand to Estonia were Spark-Ignition Engines ($8.64M), Air Conditioners ($5.24M), and Integrated Circuits ($5.06M). During the last 5 years the exports of Thailand to Estonia have decreased at an annualized rate of 0.4%, from $68M in 2017 to $66.6M in 2022.

In 2017, Estonia exported $26.9M to Thailand. The main products exported from Estonia to Thailand were Rare-Earth Metal Compounds ($9.4M), Alkaline Metals ($2.22M), and Unsaturated Acyclic Monocarboxylic Acids ($1.64M). During the last 5 years the exports of Estonia to Thailand have decreased at an annualized rate of 4.66%, from $34.2M in 2022 to $26.9M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Estonia (Flag)

Thailand Exports

Estonia Exports

Market Competitiveness

Color
Thailand
Top Destination
United States$53.4B
Estonia
Top Destination
Finland$3B

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

In 2022, countries that imported more from Thailand than Estonia included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

In 2022, countries that imported more from Estonia than Thailand included Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

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

Comparative Advantage Thailand - Estonia

Flow
Scale

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

During 2022, Thailand had a large net trade with Estonia in the exports of Machines ($31.4M), Plastics and Rubbers ($6.03M), and Chemical Products ($5.15M).

During 2017, Estonia had a large net trade with Thailand in the exports of Chemical Products ($13.9M), Machines ($3.92M), and Metals ($3.57M).

Bilateral Service Trade

In 2020, Estonia exported services to Thailand worth $2.51M, with Transportation ($1.48M), Travel ($571k), and Computer and information services ($343k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia (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 Estonia. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Estonia. Similarly, a dot/product with the flag of Estonia indicates it has a comparative advantage over Thailand.

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

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