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2023
Flag → Flag
Exports $135MRnk 83 / 216
2023
Flag → Flag
Top Product $16.8MRubber
2023
Flag → Flag
Exports $7.71MRnk 46 / 130
2023
Flag → Flag
Top Product $3.37MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Thailand-Iran Trade: In 2023, Thailand exported $135M to Iran. The main products that Thailand exported to Iran were Rubber ($16.8M), Other Processed Fruits and Nuts ($9.23M), and Fruit Juice ($8.9M). Over the past 5 years the exports of Thailand to Iran have decreased at an annualized rate of 15%, from $305M in 2018 to $135M in 2023.

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

Iran-Thailand Trade: In 2023, Iran exported $7.71M to Thailand. The main products that Iran exported to Thailand were Non-fillet Frozen Fish ($3.37M), Grapes ($1.27M), and Waxes ($537k). Over the past 5 years the exports of Iran to Thailand have decreased at an annualized rate of 61.9%,  from $967M in 2018 to $7.71M in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $135M to Iran. The main products exported from Thailand to Iran were Rubber ($16.8M), Other Processed Fruits and Nuts ($9.23M), and Fruit Juice ($8.9M). During the last 5 years the exports of Thailand to Iran have decreased at an annualized rate of 15%, from $305M in 2018 to $135M in 2023.

In 2018, Iran exported $7.71M to Thailand. The main products exported from Iran to Thailand were Non-fillet Frozen Fish ($3.37M), Grapes ($1.27M), and Waxes ($537k). During the last 5 years the exports of Iran to Thailand have decreased at an annualized rate of 61.9%, from $967M in 2023 to $7.71M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Iran (Flag)

Thailand Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Iran than Thailand included Armenia ($597M), Azerbaijan ($473M), and Uzbekistan ($326M).

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

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 2023, Thailand had a large net trade with Iran in the exports of Machines ($30.7M), Plastics and Rubbers ($30.4M), and Foodstuffs ($24.8M).

During 2018, Iran had a large net trade with Thailand in the exports of Animal Products ($3.72M), Vegetable Products ($2.35M), and Chemical Products ($642k).

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) (2023)

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