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2023
Flag → Flag
Exports $271MRnk 59 / 216
2023
Flag → Flag
Top Product $49.2MAir Conditioners
2023
Flag → Flag
Exports $106MRnk 52 / 211
2023
Flag → Flag
Top Product $17.5MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Thailand-Portugal Trade: In 2023, Thailand exported $271M to Portugal. The main products that Thailand exported to Portugal were Air Conditioners ($49.2M), Computers ($33.2M), and Printed Circuit Boards ($22.5M). Over the past 5 years the exports of Thailand to Portugal have increased at an annualized rate of 5.09%, from $212M in 2018 to $271M in 2023.

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

Portugal-Thailand Trade: In 2023, Portugal exported $106M to Thailand. The main products that Portugal exported to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($17.5M), Knit T-shirts ($9.12M), and Cellulose Fibers Paper ($6.35M). Over the past 5 years the exports of Portugal to Thailand have increased at an annualized rate of 4.91%,  from $72.2M in 2018 to $106M in 2023.

In 2003, Portugal exported services to Thailand worth $1.58M, with Services not allocated ($1.58M) being the largest in terms of value.

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Thailand exported $271M to Portugal. The main products exported from Thailand to Portugal were Air Conditioners ($49.2M), Computers ($33.2M), and Printed Circuit Boards ($22.5M). During the last 5 years the exports of Thailand to Portugal have increased at an annualized rate of 5.09%, from $212M in 2018 to $271M in 2023.

In 2018, Portugal exported $106M to Thailand. The main products exported from Portugal to Thailand were Motor vehicles; parts and accessories (8701 to 8705) ($17.5M), Knit T-shirts ($9.12M), and Cellulose Fibers Paper ($6.35M). During the last 5 years the exports of Portugal to Thailand have increased at an annualized rate of 4.91%, from $72.2M in 2023 to $106M in 2018.

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

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

Latest Data

Trade between Thailand (Flag) and Portugal (Flag)

Thailand Exports

Portugal Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Portugal
Top DestinationSpain$17.7B

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

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

In 2023, countries that imported more from Portugal than Thailand included Spain ($17.7B), France ($9.19B), and Italy ($3.83B).

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

Comparative Advantage Thailand - Portugal

Flow
Scale

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

During 2023, Thailand had a large net trade with Portugal in the exports of Machines ($156M), Plastics and Rubbers ($46.7M), and Transportation ($27.9M).

During 2018, Portugal had a large net trade with Thailand in the exports of Machines ($22.9M), Textiles ($19.5M), and Transportation ($18.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Portugal+$19.6MIntegrated Circuits
Top Product Potential Portugal Thailand+$15.5MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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