Thailand (THA) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Thailand-Ireland Trade: In 2022, Thailand exported $653M to Ireland. The main products that Thailand exported to Ireland were Office Machine Parts ($299M), Broadcasting Equipment ($116M), and Other Prepared Meat ($59.6M). Over the past 5 years the exports of Thailand to Ireland have increased at an annualized rate of 11.2%, from $384M in 2017 to $653M in 2022.

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

Ireland-Thailand Trade: In 2022, Ireland exported $367M to Thailand. The main products that Ireland exported to Thailand were Packaged Medicaments ($50.6M), Vaccines, blood, antisera, toxins and cultures ($46.2M), and Optical Fibers and optical fibre bundles ($32.1M). Over the past 5 years the exports of Ireland to Thailand have increased at an annualized rate of 0.95%, from $350M in 2017 to $367M in 2022.

In 2020, Ireland exported services to Thailand worth $373M, with Other business services ($332M), Financial services ($29.7M), and Transportation ($5.71M) 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $653M to Ireland. The main products exported from Thailand to Ireland were Office Machine Parts ($299M), Broadcasting Equipment ($116M), and Other Prepared Meat ($59.6M). During the last 5 years the exports of Thailand to Ireland have increased at an annualized rate of 11.2%, from $384M in 2017 to $653M in 2022.

In 2017, Ireland exported $367M to Thailand. The main products exported from Ireland to Thailand were Packaged Medicaments ($50.6M), Vaccines, blood, antisera, toxins and cultures ($46.2M), and Optical Fibers and optical fibre bundles ($32.1M). During the last 5 years the exports of Ireland to Thailand have increased at an annualized rate of 0.95%, from $350M in 2022 to $367M in 2017.

Exports from Thailand () to Ireland () (2022)

Exports from Ireland () to Thailand () (2022)

Latest Data

Trade between Thailand () and Ireland ()

Thailand Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Ireland
Top DestinationUnited States$70.7B

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

In 2022, countries that imported more from Thailand than Ireland included China ($35.3B), Japan ($24.6B), and Vietnam ($13.4B).

In 2022, countries that imported more from Ireland than Thailand included Germany ($28.6B), United States ($70.7B), and Belgium ($17B).

Difference in imports from Ireland () and Thailand () (2022)

Comparative Advantage Thailand - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Ireland in the exports of Machines ($484M), Foodstuffs ($76M), and Precious Metals ($18.1M).

During 2017, Ireland had a large net trade with Thailand in the exports of Chemical Products ($113M), Instruments ($94.4M), and Foodstuffs ($43.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Ireland+$65.7MComputers

Top Product Potential Ireland Thailand+$38.9MVaccines, blood, antisera, toxins and cultures

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

Irl Year

In 2020, Ireland exported services to Thailand worth $373M, with Other business services ($332M), Financial services ($29.7M), and Transportation ($5.71M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland () to Thailand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Ireland () (2022)

Exports from Ireland () to Thailand () (2022)

Latest Data

Trade between Thailand () and Ireland ()

Thailand Exports

Ireland Exports

Market Competitiveness

Difference in imports from Ireland () and Thailand () (2022)

Comparative Advantage Thailand - Ireland

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Ireland () to Thailand () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Thailand () and Ireland () (2022)

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