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2022
Flag → Flag
Exports $155MRnk 79 / 218
2022
Flag → Flag
Top Product $25.1MRubber
2022
Flag → Flag
Exports $38.6MRnk 29 / 127
2022
Flag → Flag
Top Product $28.2MSemi-Finished Iron
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Thailand-Iran Trade: In 2022, Thailand exported $155M to Iran. The main products that Thailand exported to Iran were Rubber ($25.1M), Motorcycles and cycles ($15.3M), and Rubber Thread ($11M). Over the past 5 years the exports of Thailand to Iran have decreased at an annualized rate of 19.6%, from $459M in 2017 to $155M in 2022.

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

Iran-Thailand Trade: In 2022, Iran exported $38.6M to Thailand. The main products that Iran exported to Thailand were Semi-Finished Iron ($28.2M), Non-fillet Frozen Fish ($4.36M), and Petroleum Jelly ($2.07M). Over the past 5 years the exports of Iran to Thailand have decreased at an annualized rate of 46.6%,  from $891M in 2017 to $38.6M in 2022.

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

Comparison: In 2022,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Thailand exported $155M to Iran. The main products exported from Thailand to Iran were Rubber ($25.1M), Motorcycles and cycles ($15.3M), and Rubber Thread ($11M). During the last 5 years the exports of Thailand to Iran have decreased at an annualized rate of 19.6%, from $459M in 2017 to $155M in 2022.

In 2017, Iran exported $38.6M to Thailand. The main products exported from Iran to Thailand were Semi-Finished Iron ($28.2M), Non-fillet Frozen Fish ($4.36M), and Petroleum Jelly ($2.07M). During the last 5 years the exports of Iran to Thailand have decreased at an annualized rate of 46.6%, from $891M in 2022 to $38.6M in 2017.

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

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

Latest Data

Trade between Thailand (Flag) and Iran (Flag)

Thailand Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$53.4B
Iran
Top DestinationChina$5.72B

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

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

In 2022, countries that imported more from Iran than Thailand included Turkey ($3.17B), Armenia ($557M), and Azerbaijan ($454M).

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

Comparative Advantage Thailand - Iran

Flow
Scale

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

During 2022, Thailand had a large net trade with Iran in the exports of Plastics and Rubbers ($44.2M), Foodstuffs ($27M), and Transportation ($24.4M).

During 2017, Iran had a large net trade with Thailand in the exports of Metals ($28.8M), Animal Products ($4.78M), and Mineral Products ($2.31M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Iran+$11.3MRice
Top Product Potential Iran Thailand+$5.3MSemi-Finished Iron

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

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

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